Get all your news in one place.
100’s of premium titles.
One app.
Start reading
International Business Times
International Business Times
Marvie Basilan

US Treasury Faces Backlash As DOGE Claims $4.7 Trillion Payments Untraceable: 'America Has Been Hijacked'

The U.S. Treasury building (Credit: Latin Times)

KEY POINTS

  • The account tracking field in question has since been made mandatory, as per DOGE
  • Some X users called for accountability regarding the questioned TAS identification code
  • One user said only the US government had a "sloppy" system

The U.S. Treasury Department is facing backlash after the unofficial White House unit, the Department of Government Efficiency (DOGE) led by Elon Musk, alleged that the former has lost track of $4.7 trillion in payments due to a tracking field in its system that was "often left blank."

The DOGE said Monday that the U.S. Treasury's Treasury Access Symbol (TAS), an "optional" accounting feature, was an identification code that linked a Treasury payment to a specific budget line item.

However, the TAS field was often allegedly left out during accounting, "making traceability almost impossible."

As of Monday, TAS has been made "a required field" to increase oversight on where Treasury funds are being used.

"Thanks to @USTreasury for the great work," the DOGE said in a sarcastic dig at the federal government's finance manager, tax collector, and currency issuer.

X users shocked by alleged massive untraceable amount

There has been increasing outrage on X overnight following DOGE's allegations, as Musk continues to wield his power in the face of federal agencies.

The term "$4.7 trillion" was trending overnight through early Tuesday on the social media platform as Americans and X users discussed the development.

Memes are also emerging on the platform amid increasing backlash over the recent revelation.

Controversial conspiracy theorist Alex Jones said it was as if the Treasury payments went into "a black hole," calling it a form of "organized fraud."

Hank, a prominent "MAGA" supporter, said the U.S. Treasury wasn't "just wasting money, they were making it impossible to follow."

MAGA Voice, a well-followed figure in the Make America Great Again movement, also called for accountability regarding the matter. "We need to see people in prison."

"Only the U.S. government could be this sloppy," one user lamented, and another said it "sounds like America has been hijacked," noting how it will be likely impossible to retrieve funds lost to untraceable transactions.

One user suggested that employees, who approved the records without ensuring the payments were traceable, must be found and fired.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.