The Department of Government Efficiency (DOGE) said on Feb. 17 that a total of $4.7 trillion worth of payments from the Treasury Department are almost impossible to trace because of missing account identification codes.
DOGE said the Treasury Department has assigned identification codes called Treasury Access Symbols (TAS), designed to note which account a Treasury payment is linked to, which DOGE said was a “standard financial process” for bookkeeping. However, the codes were not assigned for trillions of dollars worth of payments as the field was considered optional, according to the agency.
“In the Federal Government, the TAS field was optional for ~$4.7 trillion in payments and was often left blank, making traceability almost impossible,” DOGE stated on the social media platform X.
“As of Saturday, this is now a required field, increasing insight into where money is actually going. Thanks to U.S. Treasury for the great work.”
According to the Bureau of the Fiscal Service, TAS codes are identification codes assigned by the Treasury to “an individual appropriation, receipt, or other fund account.”
It stated that all financial transactions made by the federal government are typically classified using a TAS code for reporting to the Treasury and the Office of Management and Budget.
Savings Found
DOGE, headed by SpaceX and Tesla CEO Elon Musk, also proposed on Monday to eliminate paper checks at the Treasury to help save U.S. taxpayers’ money.
According to the advisory commission created by President Donald Trump, the Treasury processed 116 million paper checks in the fiscal year 2024 and stored them in a lockbox. The estimated cost of maintaining the lockbox is $2.40 per check, it stated.
DOGE also stated that some $25 billion in tax refunds were delayed or lost due to return of expired checks during the fiscal year 2023.
“Deleting paper checks would save at least $750 million per year,” the commission stated on social media platform X.
Trump replaced the existing United States Digital Service with DOGE and asked the commission to review federal agencies for potential downsizing and cost reductions. Trump would have to approve any proposals made by DOGE, which only has a fact-finding and advisory function.
To conduct audits, DOGE has been granted access to federal systems, sparking legal challenges from some Democratic lawmakers and labor unions who argued the access is unconstitutional.
DOGE reported that it found an estimated total savings of $55 billion on Feb. 17, which it said would come from a mix of “fraud detection/deletion, contract/lease cancellations, contract/lease renegotiations, asset sales, grant cancellations, workforce reductions, programmatic changes, and regulatory savings.”
“We are working to upload all of this data in a digestible and fully transparent manner with clear assumptions, consistent with applicable rules and regulations,” DOGE stated on its website.
As of Feb. 17, DOGE placed the U.S. Agency for International Development (USAID) first in its list of top 10 agencies based on total contract savings, followed by the Department of Education and the Office of Personnel Management. DOGE said its reporting website will be updated twice per week.
Coincidence that excellent anecdotes Elon both start with “E”.
I’m starting to wonder.
Go Musk go!
“What did you spend $4,700,000,000,000 for?”
“Oh, I don’t know. Stuff, I guess.”
Not all was fraud just cant be traced but that ends TODAY. We will know where it goes.
Looks like the FDA needs a peek under the ol hood
Several high-ranking officials at the FDA, including Jim Jones and Patrizia Cavazzoni, have recently resigned, citing challenges and changes within the agency, particularly in light of the incoming Trump administration
And now the head of the food FDA, me thinks rats jumping ship, whats burning?
DOGE found $241 million in taxpayer dollars were used to study transgender surgeries and treatments on animals.
Anthony Fauci gave the green light to the bulk of these cruel and unusual experiments.
Why were these elites pushing this?
They still wanted a eunuch army under their thumb (via control over their hormone jabs) to be their security agents once they realized straight men would turn on them because of loyalty to family.
Elites are effete.
They need eunuchs who they can control.
Fauci will never admit this.
Heck, he might have been one of their ignorant useful idiots.