- Baldoni, Lively lawyers face off in $400 mn 'It Ends With Us' case
- Trump halts Mexico tariffs as last-ditch Canada, China talks continue
- Comeback queen Vonn rounds on critics, eyes world podium
- Afghan exiles find snowboarding freedom in France
- Silencing science: How Trump is reshaping US health
- French PM moves to force budget through divided parliament
- Stock markets sink on Trump tariffs
- Neuer signs new Bayern contract to 2026
- Chelsea striker Sam Kerr called police officer 'stupid and white', court told
- Musk takes control of US Treasury payments systems
- Trump pauses Mexico tariffs as last-ditch Canada talks continue
- Ex-Wimbledon champion Kvitova returns to tennis after giving birth
- Musk says Trump 'shutting down' US aid agency
- Israeli premier in Washington for Gaza ceasefire talks
- Ligue 1 strugglers Reims sack coach Elsner
- Ex-Milan captain Calabria loaned to Bologna after coach row
- Stock markets sink, dollar rallies on Trump tariffs
- The role of minerals and tech firms in the DR Congo conflict
- World ski chief working to 'minimise and mitigate' racing dangers
- Embattled French PM gets boost from Socialists over budget
- Greek PM calls for calm amid 'very intense' Santorini tremors
- French director gets two years with electronic bracelet for abusing child actor
- Next round for strategy game lineage in 'Civilization VII'
- Norway nears 100% goal of all-electric cars
- Biathlon great Fourcade refuses to 'sacrifice convictions' for 2030 Olympics presidency
- WHO chief counters Trump criticisms behind US pullout
- Trump trade threats overshadow European defence meet
- Rashford attracted by Aston Villa's 'constant ambition'
- EU leaders vow to hit back if Trump triggers trade war
- East Ukrainian crime boss killed in Moscow blast: Russian media
- Trump accuses South Africa of 'confiscating' land, cuts funding
- CK Hutchison: the Hong Kong firm behind Panama port operators
- Nigeria's Tems wins Grammy in field dominated by afrobeats
- Stock markets sink, dollar rallies as Trump imposes tariffs
- Trump announces tariff talks with Canada, Mexico as global stocks slump
- Eurozone inflation edges up in January to 2.5%
- French PM set to force budget through parliament
- Marcus Rashford: Man Utd fallout ends in divorce
- 'Ruined my life': Sterilised Czech Roma await compensation
- Pakistan Taliban kill police polio escort as vaccination drive starts
- Alpine Skiing: Five faces to look out for at World Championships
- Trial of Spain's ex-football chief over forced kiss begins
- Stocks drop, dollar rallies as Year of the Snake starts with bite
- Fresh tremors shake top Greek tourist island Santorini
- Pakistan police officer killed as polio vaccination drive starts
- South Korea appeals court upholds Samsung chief's fraud acquittal
- Love for LA and political quips: top moments at the Grammys
- Pakistan police officer killed as polio vaccination drive starts: police
- France's PM prepares to force budget through parliament
- Beyonce finally wins top album at Grammys, as Lamar shines
RBGPF | 5.76% | 66 | $ | |
JRI | -0.32% | 12.49 | $ | |
SCS | -2.91% | 11.155 | $ | |
CMSC | -0.3% | 23.4 | $ | |
BCC | -0.22% | 125.88 | $ | |
RIO | -0.64% | 60.025 | $ | |
GSK | -0.7% | 35.025 | $ | |
NGG | 1.22% | 62.16 | $ | |
RYCEF | -0.81% | 7.43 | $ | |
AZN | -0.91% | 70.12 | $ | |
CMSD | -0.35% | 23.757 | $ | |
RELX | 0.26% | 50.02 | $ | |
BTI | 0.31% | 39.765 | $ | |
VOD | 0.19% | 8.556 | $ | |
BCE | 0.9% | 24.005 | $ | |
BP | -0.34% | 30.955 | $ |
Musk takes control of US Treasury payments systems
Elon Musk's aides have taken control of the US Treasury Department's payments system -- which manages trillions of dollars of transactions each year -- sparking alarm among critics.
Musk, the world's richest person, is leading President Donald Trump's federal cost-cutting efforts under the so-called "Department of Government Efficiency" (DOGE).
"The corruption and waste is being rooted out in real-time," Musk posted Sunday on X, the platform he owns.
Later, replying to a post outlining alleged payments to Lutheran charities, Musk said DOGE was "rapidly shutting down these illegal payments."
The Treasury's closely guarded payments system handles the money flow of the US government, including $6 trillion annually for Social Security, Medicare, federal salaries, and other critical payments.
Musk's control of the payments system was approved by incoming Treasury Secretary Scott Bessent and was made possible when a career official was put on administrative leave on Friday after refusing to hand over access, The Washington Post first reported.
The official subsequently retired from the department, a source close to the matter told AFP.
Trump on Sunday praised Musk as "a big cost-cutter."
"Sometimes we won't agree with it and we'll not go where he wants to go. But I think he's doing a great job," he added.
News outlet Wired was first to report that Musk has placed young surrogates working for DOGE into key government positions, with his team gaining unprecedented access to the payment systems typically restricted to career employees.
The staff, reportedly aged between 19 and 24, were also placed at the federal Office of Personnel Management, the HR department for public workers that sent out an email last week offering most employees a chance to leave the government on immediate notice with about nine months' pay.
Democratic lawmakers have expressed deep concerns about political operators having access to the US government's money flow, pointing to possible systemic risks to the economy.
Elizabeth Warren, the top Democrat on the Senate Banking Committee, blasted the move in a letter to Bessent as "extraordinarily dangerous."
"I am alarmed that as one of your first acts as secretary, you appear to have handed over a highly sensitive system responsible for millions of Americans' private data -- and a key function of government -- to an unelected billionaire and an unknown number of his unqualified flunkies," wrote Warren.
She also said that sidelining experienced staff in this crucial corner of government "puts the country at greater risk of defaulting on our debt, which could trigger a global financial crisis."
On X, Musk predicted "Excitement guaranteed" in response to a post that said DOGE would uncover an "unprecedented amount of fraud and corruption in numerous government departments."
P.Stevenson--AMWN