The Department of Government Efficiency (DOGE) dropped a bombshell on Monday! A staggering $4.7 trillion in Treasury payments lacked a crucial tracking code. The missing Treasury Account Symbol (TAS) made tracing these transactions nearly impossible.
Treasury’s shocking oversight exposed
DOGE revealed that the TAS code, which links payments to budget items, was optional. This left a massive gap in tracking government spending. In a scathing X post, DOGE confirmed the oversight, calling it a serious lapse in financial accountability.
Tracking now mandatory! Treasury races to fix the issue
Following the revelation, the government acted fast. DOGE announced that, as of Saturday, the TAS code is now mandatory. This major shift ensures greater transparency in government spending. Treasury swiftly implemented the change, earning praise from watchdogs.
Elon Musk applauds ‘major improvement’
Elon Musk, a key player in the anti-waste initiative, hailed the move. He called it a “major improvement in Treasury payment integrity.” He credited DOGE, Treasury, and the Federal Reserve for their swift action. “Nice work by all,” Musk tweeted.
DOGE’s war on government waste continues
DOGE embedded itself in the Treasury Department soon after President Trump’s inauguration. Its mission? Eliminate waste, fraud, and abuse. Treasury Secretary Scott Bessent recently described DOGE’s work as methodical and cost-cutting.
Paper checks on the chopping block!
DOGE’s latest proposal? Eliminate paper checks at the Treasury! This bold move could save taxpayers at least $750 million annually. Treasury currently maintains a costly physical lockbox for over 100 million checks each year. Each check costs about $2.40 to process.
$25 billion lost in refund delays!
In fiscal year 2023, Treasury saw $25 billion in tax refunds delayed or lost. The culprit? Expired and returned checks. DOGE argues that digital payments could prevent such costly mishaps.
With TAS now mandatory, tracking government payments will be easier. DOGE’s crackdown on inefficiencies could save billions. The fight against government waste is heating up, and the public is watching!
