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Elon Musk, Treasury

Elon Musk's access to Treasury's payment system is raising alarms. Here's what to know.

Elon Musk's control of a federal payment system is raising concerns about funding for programs like Social Security and the safety of personal data.

CNN on MSN · 2d

Treasury says Musk’s DOGE has not rejected payments in first attempt to clarify access granted to critical system

The Treasury Department said Elon Musk aides detailed to the agency have “read-only” access to its sensitive $5 trillion US payments system and that no payments have been suspended or rejected as part of an ongoing review.

US Treasury says Musk team has 'read-only access' to payment data

The U.S. Treasury said on Tuesday that Elon Musk's government-efficiency team has been granted "read-only access" to its payment system codes but denied that this cut off any government payments including for Social Security or Medicare.

Fed, Treasury

MarketWatch · 14h

Here is Bessent's best play to coax 10-year Treasury yields lower, BCA says

It's the budget. Treasury Secretary Scott Bessent said earlier this week that the Trump administration wants to focus on lowering borrowing costs by getting the 10-year Treasury yield down, not by pressuring the Federal Reserve to cut short-term rates.

Bessent's focus on 10-year US Treasury yield may let Fed off the hook

The Trump administration's emerging focus on long-term Treasury bond yields may show growing sensitivity to market constraints that could impede President Donald Trump's economic plans, while also getting the Federal Reserve out of his direct line of fire.

Markets Insider on MSN · 1d

Trump is focused on lowering bond yields, not fighting the Fed, Treasury chief says

The Trump administration isn't looking to clash with the Federal Reserve over interest rates, Treasury Secretary Scott Bessent told said. Instead, the focus of the White House is on lowering Treasury yields as a way to ease borrowing costs.

3hon MSN

DOGE deputy to oversee powerful Treasury system as Musk demands cuts

The Treasury Department is appointing an ally of billionaire Elon Musk’s U.S. DOGE Service to a senior position in the ...

1d

Treasury Sought to Freeze Foreign Aid Payments, Emails Show

Trump administration appointees and allies of Elon Musk wanted to use the Treasury’s sensitive payment system to block ...

CNN on MSN6d

How an arcane Treasury Department office became ground zero in the war over federal spending

A few weeks before Donald Trump was sworn in as president, members of his transition team went to the Treasury Department to ...

7d

Senior U.S. official exits after rift with Musk allies over payment system

A top Treasury career staffer, David A. Lebryk, announced his retirement. Surrogates of Musk’s DOGE effort had sought access ...

12h

DOGE Treasury Agent Reportedly Resigns After Racist Posts: Here’s What To Know About Musk’s Agency

DOGE has gained access to government employees' sensitive information via the Office of Personnel Management, payment systems ...

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