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

DOGE, Treasury discover $334M in improper payment requests due to foul codes

by April 30, 2025
written by April 30, 2025

The U.S. Treasury Department and the Department of Government Efficiency (DOGE) discovered that hundreds of millions of dollars in improper payment requests were identified after going live with its first automated payment system last week.

In fact, the system found $334 million in improper payment requests that were flagged because of missing budget codes, invalid budget codes and budget codes without authorization.

DOGE, which is led by billionaire Elon Musk, announced the discovery in a post on X.

In the post, DOGE said an example of an invalid budget code was if the payment was not linked to the budget. It also provided an example of a budget code without authorization, saying the budget had already been fully spent.

The news comes months after DOGE learned about an identification code linking U.S. Treasury payments to a budget line item that accounted 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 February. ‘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.’

DOGE thanked the U.S. Treasury for its 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 are 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.

DOGE’s announcement on Tuesday comes as it continues to find savings and fraud across all aspects of the government.

On the department’s site, it says $160 billion in savings have been discovered, equating to $993.70 in savings per taxpayer.

DOGE has been aggressive in its mission to root out wasteful spending and to downsize the scope of the federal government. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump touts ‘most successful’ first 100 days in presidential history during Michigan rally
next post
DOGE terminates billions in contracts, including $361K for ‘gender non-conforming, non-binary’ BIPOC farmers

related articles

Europeans meet with Iranian officials face-to-face for first...

July 26, 2025

Trump’s executive order on birthright citizenship blocked by...

July 26, 2025

Michelle Obama portraitist’s exhibit with trans Statue of...

July 25, 2025

House Freedom Caucus conservative to enter race for...

July 25, 2025

Pelosi confident about Dems’ chances to win House,...

July 25, 2025

Pentagon freezes out DC think tanks in new...

July 25, 2025

Trump says SCOTUS immunity ruling likely helps Obama...

July 25, 2025

‘Louder by the hour’: Senate GOP wants the...

July 25, 2025

Grieving parents of American terror victim plead with...

July 25, 2025

SCOOP: Key GOP group starts work on 2nd...

July 25, 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

  • Nvidia CEO Huang sells $15 million worth of stock, first sale of $873 million plan

    June 25, 2025
  • Republicans vie to replace Matt Gaetz in crowded 10-way special election primary

    January 28, 2025
  • Who could lead Ukraine if Zelenskyy resigns?

    March 1, 2025
  • Republican Kevin Hern profits from UNH stock while overseeing Medicare policy

    July 18, 2024
  • Silver gains 1.6% as geopolitical tensions intensify over Ukraine-Russia conflict

    August 12, 2024

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

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

    December 4, 2024
  • 3

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

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,521)
  • Investing (634)
  • Stock (858)

Latest Posts

  • Star real estate agents Alexander brothers arrested in Miami after sex assault claims

    December 12, 2024
  • Biden calls Speaker Johnson ‘dead on arrival’ in odd response to criticism of proposed radical SCOTUS changes

    July 30, 2024
  • ‘Clear vision’: Conservatives rally around Hegseth after ‘crushing’ fiery confirmation hearing

    January 15, 2025

Recent Posts

  • SafeMoon and Litecoin: Litecoin exceeds last week’s high

    August 13, 2024
  • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    June 6, 2025
  • Six House Dems vote with GOP to condemn Kamala Harris for ‘border czar’ role

    July 25, 2024

Editor’s Pick

  • Flashback: Murkowski voted to confirm 19 Biden Cabinet picks in defiance of GOP

    January 24, 2025
  • Apache tribe takes fight with feds over sacred land to Supreme Court

    September 16, 2024
  • Risch proposes bill to block US foreign aid from funding abortions

    January 30, 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