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From Fox News: Earlier this year, Elon Musk’s Department of Government Efficiency (DOGE) uncovered $4.7 trillion in untraceable Treasury Department payments.
Prior to the discovery, Treasury Account Symbol (TAS) identification codes were optional for $4.7 trillion in Treasury Department payments, so they were often left blank and were untraceable. The field is now required to increase “insight into where the money is actually going,” the Treasury Department and DOGE announced in February.
“Of the 1.5 billion payments that we send out every year, they are required to have a TAS, a Treasury Account Symbol. We discovered that more than one third of those payments did not have a TAS number,” Treasury Secretary Scott Bessent said before the House Appropriations Subcommittee on Financial Services and General Government earlier this month.
Fox News Digital asked Republican senators on Capitol Hill to respond to the approximately 500,000 in untraceable payments made by the Treasury Department each year.
WATCH:
DOGE announced in mid-February that it had discovered that a whopping $4.7 trillion in payments at the Treasury Department was missing an important tracking code, which made the transactions nearly impossible to trace.
On March 27, Sen. Rick Scott (R-Fla.) and Sen. Roger Marshall (R-KS) introduced a bill, called the Locating Every Disbursement in Government Expenditure Records (LEDGER) Act, that would require the Treasury Department to track all payments.
“The LEDGER Act will fix this alarming lack of transparency on how U.S. taxpayer dollars are being spent by the government with a system to track all outlays and disbursements made by the U.S. Treasury,” the senators declared.
Like many Americans, I was outraged by @DOGE’s findings that the U.S. Treasury made $4.7T in completely unmarked, unlabeled and, therefore, untraceable payments.
My bill, the LEDGER Act, fixes that by requiring Treasury to track every payment. https://t.co/fvxQmq0kUP
— Rick Scott (@SenRickScott) March 28, 2025
READ MORE from Fox News.
WHOA! DOGE says it found nearly untraceable budget line item responsible for TRILLIONS
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