Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

DOGE says it found nearly untraceable budget line item responsible for $4.7T in payments

by February 18, 2025
February 18, 2025

The Trump administration’s Department of Government Efficiency (DOGE) discovered an identification code linking U.S. Treasury payments to a budget line item, which accounts for nearly $4.7 trillion in payments which was oftentimes left blank.

‘The Treasury Access Symbol (TAS) is an identification code linking a Treasury payment to a budget line item (standard financial process),’ DOGE wrote in a post on X. ‘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.’

The agency thanked the U.S. Treasury for their work in identifying the optional field.

According to the Bureau of the Fiscal Service, which is under the Treasury, TAS codes are used to describe any one of the account identification codes assigned by the Treasury and is also referred to as the ‘account.’

All financial transactions made by the federal government are classified by TAS when reporting to the Treasury and the Office of Management and Budget (OMB).

The discovery was announced on the same day DOGE appeared to have populated the DOGE.gov Savings page, which, as of Monday evening, said the total estimated savings since the establishment of the department total about $55 billion.

The savings are a combination 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 wrote on the site, adding that the data will be updated twice per week until eventually becoming real-time.

Musk is leading DOGE to aggressively slash government waste when it comes to federal spending under President Donald Trump.

The department was created via executive order and is a temporary organization within the White House that will spend 18 months carrying out its mission.

The group has faced criticism over its access to federal systems, including the Treasury Department’s payment system, as well as moves to cancel federal contracts and make cuts at various agencies.

Attorneys general from 14 states are suing to block DOGE from accessing federal data, arguing Musk and Trump’s administration have engaged in illegal executive overreach.

The newly formed cost-cutting agency scored a win on Friday when a federal judge in Washington declined a request to temporarily block it from accessing sensitive data from the Departments of Labor, Health and Human Services and the Consumer Financial Protection Bureau.

Fox News Digital’s Hillary Vaugh and Stephen Sorace contributed to this report.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
DOGE’s access to critical IRS system containing taxpayer information is imminent
next post
Acting head of Social Security quits after clash with DOGE over data: Report

You may also like

ENEMY OF THE PEOPLE: “Reporter” Natasha Bertrand Knew...

December 16, 2022

Update: FBI Whistleblower Accuses Bureau of Violating Constitutional...

September 26, 2022

House Oversight, Judiciary to hear testimony from another...

February 1, 2024

Following a Surge of Online Calls to Close...

October 10, 2022

Jan. 6 Committee criminal referrals of Trump are...

December 20, 2022

McCarthy says new committee on weaponized government could...

January 12, 2023

Echoing Hamas, Erdogan reportedly calls for Israel’s destruction...

March 31, 2025

Rep. Massie presses Garland on constitutionality of Special...

June 5, 2024

House Dem expects first DOGE subcommittee meeting to...

February 12, 2025

New York City Mask Advisory Back Amid Rise...

December 10, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump gave the Oval Office a gilded makeover – and covered the cost himself

      August 24, 2025
    • Trump learns a lesson grounded in faith, how best to stand tough on trade with China

      August 24, 2025
    • Latest Decode Casino Bonus Code Deals You Shouldn’t Miss

      August 24, 2025
    • Israel set to launch Gaza City offensive: High stakes, high costs ahead

      August 24, 2025
    • New RNC chair Joe Gruters vows to ‘ride the president all the way to victory’ in midterms

      August 24, 2025
    • Russia looks to update nuclear program amid ‘colossal threats’ from West

      August 24, 2025

    Categories

    • Business (8,866)
    • Investing (2,235)
    • Politics (16,474)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved