© Getty ImagesThe Treasury Department facilitates trillions of dollars in payments annually.
The transactions were reportedly missing the Treasury Account Symbol (TAS), an identification code which links a Treasury payment to a budget line item, according to DOGE, which described the use of such code as a "standard financial process."
"In the Federal Government, the TAS field was optional for ~$4.7 Trillion in payments and was often left blank, making traceability almost impossible," read an X post from DOGE.
Full text:The Elon Musk-led project to curb waste, fraud and abuse in the federal government said that in light of the discovery, use of the TAS code is now mandatory.
The Treasury Access Symbol (TAS) is an identification code linking a Treasury payment to a budget line item (standard financial process).
In the Federal Government, the TAS field was optional for ~$4.7 Trillion in payments and was often left blank, making traceability almost impossible. As of Saturday, this is now a required field, increasing insight into where money is actually going. Thanks to @USTreasury
for the great work.
https://tfx.treasury.gov/taxonomy/term/
"As of Saturday, this is now a required field, increasing insight into where money is actually going," DOGE said, thanking the Treasury Department for its "great work" implementing the change.
Musk touted the change as a "major improvement in Treasury payment integrity."
"This was a combined effort of [DOGE, Treasury and the Federal Reserve]," Musk tweeted. "Nice work by all."
The Treasury Department, which facilitates trillions of dollars worth of government payments every year, was one of the first agencies DOGE embedded itself in after President Trump's inauguration.
DOGE staffers at Treasury have been granted access to the department's highly sensitive payment systems in an effort to root out waste, fraud and abuse.
Treasury Secretary Scott Bessent
DOGE recently proposed "deleting paper checks" at Treasury, arguing that it would save taxpayers "at least $750 million per year."
The initiative noted that the Treasury Department must keep "a physical lockbox" to collect the more than 100 million checks it processes each year, which costs about $2.40 per check to maintain.
In fiscal year 2023, some $25 billion in tax refunds were delayed or lost due to returned or expired checks, according to DOGE.
Reader Comments
I think over the last 8 years Trump and team have planned out the process, and it is shock and awe for the deep state. If that is true, then the team have tracked the financial dealings of the Treasury Dept, which means that Musk can track "almost impossible" transactions.
Just print more.
Aye…. But they do have officers of state under statute and responsibilities of their office to judicially process and criminal actions undertaken under their jurisdiction and area of responsibility!
Trump is creating slogans and blowing smoke up one’s rectum! Nothing more, nothing less, and fascism and Zionism as it did under Hitler goes onward and upward! I wonder if they will mint a coin as they did during the third richt and Zionism as they did Hitler! Doesn’t it show just how guile they have, actually getting us to believe 5 million died in concentration camps when they worked in concert from 1933-1944!
or as silly as it seems to you, look at the facts! You know you can think for yourself and come to your own conclusions! Or like 85% of sheeple do as you do! Your choice!
[Link]
well, if you work for government or any of the hi-tech departments, you really just shed your skin....
ned,
out
Karma passed forward. (Passed adult becomes today's child).
Those who dont step up, step out to step back in, way worse.
@highlander:
neither do i.
i work for the government.
i operate a suicide encouragement hotline.
it's the flip side of the more common suicide prevention programs.
in either case, the government makes all the money.
ned,
out
Horrific the crippling nonesense we regurgitate and destroy as the privileged species.🙈
I kept this for you Highlander [Link]
I then took them on the west highland way, The fort to Glasgow should have been 95 miles but it ended up 105 miles. A friend took over map reading!
Streetsmarts cannot be learned but taught.
Not surprised.
The beauty must breathtakingly