Giving Elon Musk's DOGE access to the Treasury payment system raises the risk of a US debt default and global financial crisis, senator warns

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Musk’s Moves on Treasury Risk a Debate Over US Payments Default

Outside of occasions when the US Treasury is running down its cash pile while awaiting congressional action to raise the debt limit, bond market participants don’t typically pay much attention to the department’s payments-processing division.

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Giving Elon Musk's DOGE access to the Treasury payment system raises the risk of a US debt default and global financial crisis, senator warns

The Treasury Department's payment system has been likened to the government's checkbook and makes $6 trillion in disbursements a year.

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DOGE office gained access to Treasury's payment system at a time when government hit $36 trillion debt ceiling