NEWS

Elon Musk Takes Control Of US Treasury Payments Systems

Elon Musk’s aides have seized control of the US Treasury Department’s payments system, which handles trillions in transactions annually, raising concerns among critics.

As the world’s richest person, Musk is spearheading President Donald Trump’s federal cost-cutting initiative under the newly formed “Department of Government Efficiency” (DOGE).

“The corruption and waste is being rooted out in real-time,” Musk posted Sunday on X, the platform he owns.

Later, responding to a post about alleged payments to Lutheran charities, Musk stated that DOGE was “rapidly shutting down these illegal payments.”

The Treasury’s highly secure payments system, which manages $6 trillion annually for Social Security, Medicare, federal salaries, and other essential expenditures, is now under Musk’s influence.

His control was authorized by incoming Treasury Secretary Scott Bessent and facilitated after a longtime official was placed on administrative leave Friday for refusing to grant access, The Washington Post first reported. The official later retired, a source told AFP.

On Sunday, Trump praised Musk as “a big cost-cutter,” adding, “Sometimes we won’t agree with it and won’t follow his lead, but I think he’s doing a great job.”

Wired was the first to report that Musk has installed young surrogates from DOGE into key government roles, granting his team unprecedented access to systems traditionally restricted to career officials.

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