Editor's Pick

David Lebryk set to depart as Musk’s DOGE pushes for access to Treasury payment systems: report

Elon Musk’s Department of Government Efficiency (DOGE) representatives have reportedly requested to gain access to US Treasury payment systems, triggering a significant clash with senior Treasury official David Lebryk.

According to a report by the Washington Post on Friday, this disagreement led to Lebryk’s decision to depart from his position.

Sources familiar with the situation stated that the dispute centered around the Treasury’s sensitive payment system, which processes over $6 trillion annually in payments such as Social Security and Medicare benefits, federal salaries, government contracts, and tax refunds.

The reasons behind DOGE’s interest in accessing this system remain unclear.

A DOGE spokesperson declined to comment when contacted by the Post, and representatives from the US Treasury Department also did not respond to requests for further details.

The report indicated that Lebryk, who has held nonpartisan positions within the department for decades, is expected to leave soon but did not specify an exact timeline.

In related news, Scott Bessent was confirmed by the US Senate on Monday to serve as Treasury Secretary under President Donald Trump.

The post David Lebryk set to depart as Musk’s DOGE pushes for access to Treasury payment systems: report appeared first on Invezz

You May Also Like

Latest News

MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under...

Latest News

MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under...

Editor's Pick

Oil prices were mostly flat after rising earlier in the session on Thursday due to a fall in US inventories.  According to the US...

Latest News

MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under...

Disclaimer: Bullsmarketdominators.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 © 2024 Bullsmarketdominators.com

Exit mobile version