What would the founding fathers say?
Musk vows to cancel grants after gaining access to US Treasury payment system
FT.com: “Musk appeared to confirm on Saturday that DOGE had access to the Treasury system, which disperses trillions of dollars each year Elon Musk has vowed to unilaterally cancel hundreds of millions of dollars’ worth of government grants after apparently gaining access to review the US Treasury’s vast payments system, a move that prompted the sudden resignation of one of the department’s most senior officials. The world’s richest man, who bankrolled Donald Trump’s re-election campaign and was tasked by the president with running the cost-cutting Department of Government Efficiency, boasted on his social media site X that he was “rapidly shutting down . . . illegal payments” after a list of grants to Lutheran organisations was posted online. He justified the move by claiming his team discovered “that payment approval officers at Treasury were instructed always to approve payments, even to known fraudulent or terrorist groups”. The system has been run by career civil servants and the Treasury already has an in-house team tasked with identifying fraudulent payments. A source with knowledge of the situation said that DOGE representatives did not have the authority to cut payments, only to read the data.
Senator Ron Wyden, the top-ranking Democrat on the Senate Finance Committee, said his office had been told that Treasury secretary Scott Bessent had granted DOGE “full” access to the system. “Social Security and Medicare benefits, grants, payments to government contractors, including those that compete directly with Musk’s own companies. All of it,” he said. He has written to Bessent demanding answers on Musk’s access, saying: “I can think of no good reason why political operators who have demonstrated a blatant disregard for the law would need access to these sensitive, mission-critical systems.”
The opportunity of a lifetime, if you’re Trump? Sell crypto to your supporter who buy MAGA hats and Trump Bibles...
Exclusive: Trump's meme coin made nearly $100 million in trading fees, as small traders lost money
Entities behind President Donald Trump’s crypto coin have accumulated close to $100 million in trading fees in less than two weeks, according to estimates from three blockchain analysis firms, a large windfall from a venture that has seen tens of thousands of small traders lose money.
The meme coin, known as $Trump, was launched by the president on Jan. 17 and quickly surged, reaching a peak of over $14.5 billion in overall market value by Jan. 19, the day before his inauguration. It has since slumped by two-thirds.
… One of the entities behind the crypto coin is a company owned by Trump, called CIC Digital. The official website for $Trump says CIC Digital will “receive trading revenue derived from trading activities” of the meme coin. Reuters could not determine what portion of the fees so far, if any, had accrued to Trump personally, nor the ownership of the other entities behind the coin.
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