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Elon Musk's DOGE claims to have found $4.7 trillion in "untraceable" Treasury payments

2025-02-18 21:26:53Kosova&Bota SHKRUAR NGA REDAKSIA VOX
Elon Musk's DOGE claims to have found $4.7 trillion in
Elon Musk

The Department of Government Efficiency (DOGE) has stated that it has identified $4.7 trillion in US Treasury payments that cannot be traced due to the lack of a key identifying code.

The Elon Musk-led organization, which aims to reduce bureaucracy and control federal spending, said many transactions did not include the Treasury Account Symbol (TAS), an identification code that classifies all federal government transactions.

This code serves to link Treasury payments to specific budget lines, facilitating reporting to the Treasury Department and the Office of Management and Budget to ensure that funds are used according to their intended purpose.

“The Treasury Access Symbol (TAS) is an identification code that links a Treasury payment to a budget line (standard financial process).

In the federal government, the TAS field was optional for about $4.7 trillion in payments and was often left blank, making traceability nearly impossible,” DOGE wrote on Musk’s X platform Monday night.

For fiscal year 2024, which began on October 1, 2023, and ended on September 30, 2024, federal spending totaled $6.75 trillion.

Meanwhile, for fiscal year 2025, the government has already spent over $2.4 trillion, according to analysis of monthly Treasury statements.

The figure reported by DOGE for untraceable transactions accounts for nearly 70 percent of total federal government spending last year.

Following this revelation, the mandatory use of the TAS code has been established as a measure to increase transparency over the destination of federal funds, according to DOGE.

Sharing the organization's announcement, Musk thanked DOGE, the Treasury Department, and the Federal Reserve for finding the discrepancies, noting that this action will bring "major improvements in the integrity of Treasury payments."

Political debate on spending and transparency

Democratic Wisconsin lawmaker Mark Pocan raised concerns over DOGE's claims, noting the similarity of the amount of transactions reported as non-existent to the $4.5 trillion deficit proposed for tax cuts, which are being considered by the Republican-controlled House of Representatives budget committee.

"They are trying to find $4.7 trillion to fund tax cuts for the wealthiest, including themselves," Pocan wrote in a social media reaction.

"This is not about the middle class. They are stealing from the programs you benefit from to enrich themselves. Corruption."

DOGE was placed in the Treasury Department shortly after Donald Trump's inauguration on January 20th.

Democrats have expressed concerns about DOGE's presence within the Treasury's payment system, which manages trillions of dollars in federal transactions, including Social Security benefits and tax refunds.

Now, the DOGE team is reportedly seeking access to sensitive Internal Revenue Administration (IRS) tax records, raising concerns within Congress and the tax collection agency itself.

Last week, Gavin Kliger, a 25-year-old and DOGE top aide, visited the IRS offices in Washington to review its systems, according to CNN and Washington Post sources.

According to the Post, Kliger worked in the Office of Personnel Management, which has played a key role in Musk's efforts to cut government programs.

He is expected to serve as a senior advisor to the interim IRS commissioner, providing technical assistance and advice on modernizing information technology./ Independent/Hashtag


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