Citigroup Accidentally Transferred $81 *Trillion* into a Customer’s Account
Citigroup mistakenly praised its client's account in April last year for an astounding $81 trillion. This is a breach that could hinder the bank's efforts to convince regulators that they are dealing with years of operational flaws. Financial Times Report In an incident that has not been reported so far, Citigroup incorrectly entered an internal […]
Citi mistakenly credits $81 trillion to customer account – CBS News
Citigroup misappealed $81 trillion on its customer accounts, rather than $280 before turning back trading times several hours later. It has been reported on friday. This error occurred last April and was missed by paying employees and second workers before being allowed to process the next day. A third employee discovered the error an hour […]
Musk’s pledge to slash $2 trillion will fall way short – but it’s better than nothing
The Trump White House quietly ratchets Doge's hopes, an Elon Musk-led effort to save trillions of dollars for taxpayers by eliminating government waste, duplication and transgender dance festivals in Bangladesh. Instead of the $2 trillion cuts Musk recently promoted at a Wall Street conference, Trump within the team believes government efficiency can reduce waste by […]
DOGE Reports $4.7 Trillion In ‘Untraceable’ Treasury Payments: Missing A Critical Tracking Code
(l) Tesla and SpaceX CEO Elon Musk will make his remarks when he joined US President Donald Trump when he signed the White House oval office on February 11, 2025. (Photo: Andrew Harnik / Getty Images) /(R) A sticker can be seen on the outside of the US Treasury building. (Photo by Somodevilla/Getty Images) OAN […]
Scott Bessent Breaks Down How Tariffs Could Bring In $2.5 Trillion, Promises Minimal Impact On Consumers
Treasury Secretary Scott Becent detailed President Donald Trump's economic strategy on Fox News on Tuesday, breaking down what he said, and consumption of potential financial benefits and global tariffs The impact on those affected was minimized. Between exterior In a “special report with Bret Baier,” Bessent said that leveraging tariffs could fundamentally change the economic […]
DOGE finds Treasury spent up to $4.7 TRILLION in untraceable payments
Government Efficiency Bureau announcement On Monday, it uncovered a key tracking gap in the Treasury fundraising. In a post on X, Doge explained that the Treasury uses a “identification code” to link the payment to a budget item. However, this tracking code is optional at a cost of around $4.7 trillion and often left blank, […]
DOGE discovers $4.7 trillion in Treasury payments were missing critical code
The government's Department of Efficiency (DOGE) announced on Monday that its approximately $4.7 trillion payments from the Treasury lacked a critical tracking code that tracks transactions “nearly impossible.” According to Doge, which described the use of such codes as a “standard financial process,” the transaction reportedly lacks a financial account symbol or an identification code […]
Sen. Joni Ernst Gives the Inside Story on How DOGE Was ‘Ready to Go’ in Cutting $2 Trillion in Waste
Senator Joni Ernst (R-IA) who will significantly reduce government waste, says the government's Department of Efficiency (DOGE) will cut government waste by $2 trillion during its exclusive emergence We talked about internally about how we were “ready” in the event. Alex Marlow Show. Ernst, founder of Doge Caucus, has been focusing on cutting spending for […]
Elon Musk's DOGE examines systems at $1.5 trillion Medicare and Medicaid agency – USA TODAY
Representatives from Elon Musk's Office of Government Efficiency will be at the Centers for Medicare and Medicaid Services, which will be reviewing federal health agency payments and contract systems this week. Two senior-institutional veterans focused on policy and operations will work with DOGE to oversee Medicare and Medicaid, which will work with DOGE to oversee […]
New ETFs from BlackRock take aim at $6 trillion money market fund industry – CNBC
BlackRock's huge ETF business has expanded to a new trillion dollar category. On Wednesday, the asset manager launched two missions ETFs: ishares Prime Money Market ETF (PMMF) and ISHARES Government Money Money Market ETF (GMMF). According to the investment company, the money Money Market Fund, which is usually a sleepy corner in the investment world, […]