• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

DOGE says it found nearly untraceable budget line item responsible for $4.7T in payments

by February 18, 2025
written by February 18, 2025

The Trump administration’s Department of Government Efficiency (DOGE) discovered an identification code linking U.S. Treasury payments to a budget line item, which accounts for nearly $4.7 trillion in payments which was oftentimes left blank.

‘The Treasury Access Symbol (TAS) is an identification code linking a Treasury payment to a budget line item (standard financial process),’ DOGE wrote in a post on X. ‘In the Federal Government, the TAS field was optional for ~$4.7 Trillion in payments and was often left blank, making traceability almost impossible. As of Saturday, this is now a required field, increasing insight into where money is actually going.’

The agency thanked the U.S. Treasury for their work in identifying the optional field.

According to the Bureau of the Fiscal Service, which is under the Treasury, TAS codes are used to describe any one of the account identification codes assigned by the Treasury and is also referred to as the ‘account.’

All financial transactions made by the federal government are classified by TAS when reporting to the Treasury and the Office of Management and Budget (OMB).

The discovery was announced on the same day DOGE appeared to have populated the DOGE.gov Savings page, which, as of Monday evening, said the total estimated savings since the establishment of the department total about $55 billion.

The savings are a combination of ‘fraud detection/deletion, contract/lease cancellations, contract/lease renegotiations, asset sales, grant cancellations, workforce reductions, programmatic changes, and regulatory savings.’

‘We are working to upload all of this data in a digestible and fully transparent manner with clear assumptions, consistent with applicable rules and regulations,’ DOGE wrote on the site, adding that the data will be updated twice per week until eventually becoming real-time.

Musk is leading DOGE to aggressively slash government waste when it comes to federal spending under President Donald Trump.

The department was created via executive order and is a temporary organization within the White House that will spend 18 months carrying out its mission.

The group has faced criticism over its access to federal systems, including the Treasury Department’s payment system, as well as moves to cancel federal contracts and make cuts at various agencies.

Attorneys general from 14 states are suing to block DOGE from accessing federal data, arguing Musk and Trump’s administration have engaged in illegal executive overreach.

The newly formed cost-cutting agency scored a win on Friday when a federal judge in Washington declined a request to temporarily block it from accessing sensitive data from the Departments of Labor, Health and Human Services and the Consumer Financial Protection Bureau.

Fox News Digital’s Hillary Vaugh and Stephen Sorace contributed to this report.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
DOGE’s access to critical IRS system containing taxpayer information is imminent
next post
Acting head of Social Security quits after clash with DOGE over data: Report

related articles

Vance visits church where Christians believe Jesus was...

October 23, 2025

New poll in key showdown for Virginia governor...

October 23, 2025

Americans could face airport chaos if Dems don’t...

October 23, 2025

Inside Trump’s ultimatum that forced Netanyahu to the...

October 23, 2025

Vance rebukes Israel on ‘very stupid’ vote to...

October 23, 2025

Top Republican slams Katherine Clark for admitting suffering...

October 23, 2025

Vance calls Psaki comments about wife Usha ‘disgraceful’

October 23, 2025

Trump yet to endorse in VA governor’s race...

October 23, 2025

DAVID MARCUS: Trump’s ballroom is no vanity project,...

October 23, 2025

Examining the next threat from Communist China: Our...

October 23, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Vance knocks globalization’s ‘cheap labor’ and lauds ‘America’s great industrial comeback’ at AI summit

    March 18, 2025
  • Pentagon says there is a ‘deepening cooperation and relationship’ between Russia and Iran

    August 15, 2024
  • Elon Musk’s X nears settlement with Amazon’s Twitch in ad boycott lawsuit

    April 9, 2025
  • The new map that could be guiding Trump’s Middle East moves

    June 20, 2025
  • Trump says he could ‘walk away’ from Russia-Ukraine talks, cites ‘tremendous hatred’ on both sides

    May 4, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,506)
  • Investing (634)
  • Stock (941)

Latest Posts

  • Biden’s Cabinet condemns attempted assassination of former President Trump

    July 15, 2024
  • Graham says Israel has window to ‘replace Hamas forever’ after Sinwar killing: ‘Door is now open’

    October 20, 2024
  • US DOJ charges Hamas leaders over ‘terrorist atrocities’ in October 7 Israel attack

    September 3, 2024

Recent Posts

  • California homeowners allege home insurance companies colluded to deny coverage

    April 23, 2025
  • McDonald’s to extend $5 value meal in most U.S. markets as diners return to chain

    July 23, 2024
  • Happy birthday to America’s first presidential centenarian

    October 1, 2024

Editor’s Pick

  • EPA urged by state AGs to axe funds for ‘radical’ climate project accused of training judges

    August 26, 2025
  • Bush stays silent on how he will vote in 2024: report

    September 8, 2024
  • Jury selection still underway in Ryan Routh trial, more than 70 jurors removed

    September 10, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock