Warren Questions Bessent Over Musk Access to Treasury Payment System
In a letter to the Treasury secretary, the Democratic senator warned against meddling with a system that processes trillions of dollars of transactions.
Read more at The New York Times
Topics
-
Warren presses Treasury secretary over Musk access to payments system
Sen. Elizabeth Warren (D-Mass.) sent a letter to Treasury Secretary Scott Bessent on Monday demanding to know what access Elon Musk was given to the federal payments system and what safeguards were ...The Hill - 50m -
Trump names Treasury Secretary Scott Bessent acting head of CFPB after firing Chopra
Bessent, a former hedge fund manager, was confirmed as head of the U.S. Treasury last week.CNBC - 52m -
Treasury Dept. gives Elon Musk's team access to federal payment system: Sources
If Elon Musk or his DOGE team were to attempt to block federal payments, it would likely face legal challenges given the money is approved by Congress.ABC News - 1h -
DOGE task force gains access to U.S. Treasury data, payment systems
News comes after departure of Treasury's acting Deputy Secretary David Lebryk after more than 30 years of service.CBS News - 3h -
USAID security leaders removed after refusing Elon Musk's DOGE employees access to secure systems
The U.S. Agency for International Development’s director of security and his deputy were placed on administrative leave Saturday after they tried to prevent employees from the Department of ...NBC News - 11h -
USAID leaders escorted out of building after blocking DOGE access to secure systems
Senior officials at the U.S. Agency for International Development (USAID) were placed on administrative leave after they refused to turn over classified material to teams from the Department of ...The Hill - 15h -
Musk team given access to sensitive federal payment system - reports
The Trump administration grants Musk's team access to system that controls the flow of trillions of dollars in funds, US media report.BBC News - 19h -
Musk vows to cancel grants after gaining access to US Treasury payment system
System disburses trillions of dollars in US government spending each year, including social securityFinancial Times - 1d -
Elon Musk’s Doge team granted ‘full access’ to federal payment system
Trump’s treasury secretary gives the world’s richest person entry to one of the most sensitive US government databases. Elon Musk’s government-slashing crew, the “department of government ...The Guardian - 1d -
Elon Musk’s Team Now Has Access to Treasury’s Payments System
Treasury Secretary Scott Bessent gave Mr. Musk’s representatives at the so-called Department of Government Efficiency a powerful tool to monitor and potentially limit government spending.The New York Times - 1d -
Top Treasury official retires over DOGE request for access to payment systems
David Lebryk, a top Treasury Department nonpolitical career official, retired Friday after clashing with Elon Musk allies over government payment systems, a source familiar with the matter told The ...The Hill - 2d -
Musk Aides Lock Government Computer Systems, Sources Say
Some employees at OPM have reportedly had their access revoked to the department’s data systems by Musk and aides.Inc. - 2d -
The Treasury official who oversees payments resigns suddenly.
Elon Musk has deployed engineers to Treasury to find a way to shut down payments unilaterally.The New York Times - 3d -
States lose access to Medicaid payment portal amid Trump federal aid freeze
State Medicaid programs across the country are reporting they've lost access to federal payment portals one day after President Trump announced a freeze on federal grants and aid. On Monday, acting ...The Hill - 5d -
Warren calls on Musk to stick to $2T in DOGE cuts
Sen. Elizabeth Warren (D-Mass.) is urging Elon Musk to stick with his original objective to cut $2 trillion in wasteful government spending. “After promising his Department of Government ...The Hill - 6d -
Scott Bessent wins Senate confirmation as Treasury secretary
The Wall Street veteran won the Senate's confirmation to be Treasury secretary. The vote was 68-29.CNBC - 6d -
Bessent makes history at Treasury as highest-ranking LGBTQ official
The Senate on Monday confirmed billionaire hedge fund manager and investor Scott Bessent as President Trump’s Treasury secretary, making him the highest-ranking LGBTQ official in the nation’s ...The Hill - 6d -
Senate Confirms Scott Bessent as Treasury Secretary
Bessent, a hedge fund manager, becomes the nation’s 79th Treasury secretary. He will lead President Trump’s economic agenda.The New York Times - 6d -
Senate confirms Scott Bessent as Treasury secretary
The Senate voted Monday as Senate Republicans work to quickly install President Trump's picks for top administration posts.CBS News - 6d -
Senate confirms Scott Bessent as Trump's Treasury secretary
Scott Bessent on Monday secured confirmation to lead the Department of the Treasury, putting President Trump’s top economic nominee in place ahead of a daunting GOP push to enact Trump's ambitious ...The Hill - 6d -
Senate confirms Scott Bessent as treasury secretary
President Donald Trump is set to attend a high-profile policy conference with House Republican lawmakers in his home state of Florida. Trump first landed in Miami on Saturday and has been at his ...NBC News - Jan. 27 -
Harland & Wolff takeover raises fears over payments to suppliers
Bankrupt shipbuilder is being bought by Spanish state-owned group NavantiaFinancial Times - Jan. 26 -
Senate tees up final vote on Bessent nomination to lead Treasury
The Senate on Saturday voted to advance Scott Bessent’s nomination to become the next secretary of the Treasury, putting him in line to be confirmed on Monday. Senators voted 67-23 to tee up final ...The Hill - Jan. 25 -
Federal judge, prosecutors battle over Oath Keepers' access to Capitol
D.C. Judge Amit Mehta ordered Oath Keeper members who were convicted of Jan. 6 crimes but whose sentences were commuted by President Trump.CBS News - Jan. 24 -
Warren sends Musk 30 ideas for DOGE to cut government spending
Sen. Elizabeth Warren (D-Mass.) sent tech billionaire Elon Musk 30 ideas for how the newly formed Department of Government Efficiency (DOGE) could cut government spending. Warren's Thursday letter ...The Hill - Jan. 23 -
Trump's choice for treasury secretary questioned on the economy
Scott Bessent, President-elect Trump's pick for Treasury Secretary, was pressed about Trump's economic plans at his Senate confirmation hearing. NBC News' Garrett Haake reports.NBC News - Jan. 16 -
Trump Treasury Pick Scott Bessent Defends Plans to Cut Taxes and Raise Tariffs
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.The New York Times - Jan. 16 -
Bessent calls for stronger Russia sanctions at treasury confirmation hearing
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.CBS News - Jan. 16 -
'Will I receive an IRS stimulus check?' Answers to top questions on the $1,400 automatic payments
As tax filing season starts, 1 million taxpayers are already set to receive automatic payments from the IRS.NBC News - Jan. 16 -
Watch live: Treasury hopeful Scott Bessent testifies at Senate confirmation hearing
Billionaire investor Scott Bessent, President-Trump's pick to head the Treasury Department, will testify before the Senate Finance Committee on Thursday morning. During the confirmation hearing, ...The Hill - Jan. 16 -
'Will I receive an IRS stimulus check?' Answers to top questions on the $1,400 automatic payments
The IRS plans to send 1 million Americans stimulus payments of up to $1,400 this month. Here's who qualifies.CNBC - Jan. 16 -
What Scott Bessent, Trump’s Treasury Pick, Might Get Asked Today
Scott Bessent, a billionaire hedge fund manager, will likely face tough questions on tax cuts and tariffs — and how bond markets might check his economic agenda.The New York Times - Jan. 16 -
Chris Mason: Political heat map flashes red over Treasury
The BBC's political editor explains the headaches the Treasury is giving Sir Keir Starmer.BBC News - Jan. 15 -
Bessent to divest from assets on road to leading Treasury
President-elect Trump’s Treasury Secretary pick Scott Bessent has plans to divest from funds and other investments as he prepares to take over as the country’s top economic official. In an ...The Hill - Jan. 13 -
Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts
Financial disclosure forms show hundreds of millions of assets including property in the Bahamas and investments in Bitcoin and bets against China’s currency.The New York Times - Jan. 11 -
Vince McMahon, SEC reach $1.7M settlement over hush money payments
World Wrestling Entertainment (WWE) co-founder Vince McMahon reached a settlement with the Securities and Exchange Commission (SEC) on Friday for failing to disclose two payments made on behalf of ...The Hill - Jan. 10 -
Warren questions Trump IRS nominee's experience, promotion of tax credit
Sen. Elizabeth Warren (D-Mass.) voiced concerns about President-elect Trump’s nominee to lead the Internal Revenue Service (IRS) on Wednesday, pressing him for answers about his previous experience ...The Hill - Jan. 9 -
Meta to end fact-checking, replacing it with system similar to Musk's X
Meta CEO Mark Zuckerberg cites "cultural tipping point" of election in making major changes to practices.CBS News - Jan. 7 -
C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over Risky Mortgages
A federal consumer bureau claims Vanderbilt Mortgage, owned by Berkshire Hathaway, made loans to buyers of manufactured homes it knew could not repay them.The New York Times - Jan. 6
More from The New York Times
-
One Response to Trump’s Tariffs: Trade That Excludes the U.S.
A growing number of countries, including American allies, are striking trade deals as the Trump administration erects a higher fence around its global commerce.The New York Times - 3h -
Panama Canal Fees Have Become a Flashpoint. Here’s Why They’ve Risen.
President Trump says the canal authority is overcharging. Recent increases are attributed in part to drought, maintenance investments and demand.The New York Times - 8h -
Stocks Fall Around the World as Trump Tariffs Loom
The S&P 500 regained some of its losses from earlier in the day. Shares in Asian manufacturers and European carmakers tumbled on concern that tariffs will hurt trade and disrupt supply chains.The New York Times - 2h -
Trump Tariffs Threaten to Upend Global Economic Order
The invoking of national security to unravel trade agreements could scramble the international trading system in China’s favor.The New York Times - 21h -
From Groceries to Cars, Tariffs Could Raise Prices for U.S. Consumers
If they take effect, President Trump’s new tariffs on goods from Canada, Mexico and China are likely to result in higher prices for lots of products, including computers, tequila and gas.The New York Times - 1h
More in Business
-
Trump pauses Mexico tariffs for one month after agreement on border troops
President Donald Trump over the weekend said he was imposing 25% tariffs on goods imported from Mexico and Canada, and a 10% tariff on goods from China.CNBC - 5m -
Trump coin leads tumble in meme cryptocurrencies as tariffs rock global markets
Meme coins plummeted over the weekend as President Donald Trump signed new tariffs, kicking off a trade war that caused investors to dump risk assets.CNBC - 7m -
Nearly 1 in 5 eligible taxpayers miss this 'valuable credit' worth thousands, IRS says
Nearly 1 in 5 eligible taxpayers miss the earned income tax credit, which was worth an average of $2,743 in 2023, according to the IRS.CNBC - 15m -
Investors wade into bank debt as tariffs bite and key bank regulator is replaced
Bank bond spreads against U.S. Treasurys widened and money flowed into most debt issued by major banks on Monday, in a sign that Wall Street is wading into the sector on the heels of President ...MarketWatch - 16m -
Steel companies want Trump’s tariffs. Here’s why their stocks aren’t jumping.
Trump’s tariffs on Mexico and Canada are giving a boost to some steelmakers’ stocks, but retaliatory tariffs could reduce the potential benefits.MarketWatch - 20m