The Treasury Department has granted representatives from Elon Musk’s Department of Government Efficiency read-only access to its payment system. The system distributes trillions of dollars in entitlements, grants, and tax refunds. Treasury Secretary Scott Bessent approved the arrangement with oversight conditions, allowing DOGE to assess the system’s efficiency. Critics have raised concerns about security and potential political influence on critical government operations.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Treasury Department has granted representatives from Elon Musk's Department of Government
00:05Efficiency read-only access to its payment system.
00:09The system distributes trillions of dollars in entitlements, grants, and tax refunds.
00:14Treasury Secretary Scott Besson approved the arrangement with oversight conditions,
00:18allowing Doge to assess the system's efficiency.
00:22Critics have raised concerns about security and potential political influence
00:27on critical government operations.
00:28For all things money, visit Benzinga.com.