OAN Staff Brook Mallory
4pm – Tuesday, February 18th, 2025
On Monday, the government's Department of Efficiency (DOGE) revealed that around $4.7 trillion in Treasury payments, but it is “nearly impossible” to track it, as there is no significant tracking code. did.
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According to Doge, the transaction did not have a Financial Account Symbol (TAS), an identification number that connected the Treasury payments to items within the budget. Doge defined the use of TAS as a “standard financial process.”
“In the federal government, the TAS field is an option with a payment of ~$4.7 trillion, often left blank, making traceability almost impossible,” says Doge's X-Post.
The revelation has made the TAS code mandatory.
“As of Saturday, this is a necessary area and it's giving us more insight into where money is actually heading,” Doge said, thanking the Treasury for the “great work” to implement the change. I will.
“This was an effort to combine it [DOGE, Treasury and the Federal Reserve],” Musk posted to X and refers to the changes. “A great job by everyone.”
So far, Doge has saved the federal government $55 billion, but this is just the beginning.
“Savings comes from a combination of fraud detection/deletion, contract/lease cancellation, contract/lease renegotiation, asset sales, grant cancellation, labor reduction, program changes and regulations savings.” Doge said on its website.
One of the first divisions Doge integrated into following President Donald Trump's inauguration was the Treasury Department, which processes federal payments worth trillions of dollars each year.
To combat waste, fraud and abuse, Doge employees are given access to the Treasury's sensitive payment system.
“This isn't a few roving bands…it's systematic and it's going to bring about great savings,” Treasury Secretary Scott Bescent said of the dug. Bloomberg TV interview.
In the Treasury Department, Doge recently proposed “removing paper checks,” claiming taxpayers would save “at least $750 million a year.”
To collect more than 100 million checks the Treasury processes each year, its efforts will require you to maintain a “physical lockbox” of around $2.40 per check.
Additionally, Doge noted that approximately $25 billion in tax refunds were lost or delayed in 2023 as a result of rejected or expired checks.
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