Elon Musk Proposes Major Overhaul for U.S. Treasury to Enhance Accountability and Prevent Fraud

Elon Musk Proposes Major Overhaul for U.S. Treasury to Enhance Accountability and Prevent Fraud

Billionaire entrepreneur Elon Musk announced significant changes that his Department of Government Efficiency (DOGE) plans to implement at the U.S. Treasury Department. This announcement, made during the weekend, comes as a response to ongoing concerns about transparency and fraud in government financial operations.

Musk emphasized that these changes aim to simplify the government’s financial records, making them easier to audit. Furthermore, he highlighted the necessity for greater accountability regarding fund allocation. As part of these reforms, treasury employees will be tasked with more frequent updates to the congressional “do not pay” list, which identifies individuals and organizations involved in fraud.

During his remarks, Musk expressed disappointment with past Treasury management. He stated, “Nobody in Treasury management cared enough before. I want to acknowledge the hardworking personnel at Treasury who have been eager to implement these changes for years but faced obstacles from previous leadership.”

According to Musk, past practices at the Treasury prioritized minimizing complaints.