Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
EPA places numerous employees on leave for alleged...
2 lone Republicans vote against Trump’s ‘big, beautiful...
Trump administration torpedoes SCOTUS with emergency requests and...
Mike Johnson touts ‘beauty of unified government’ after...
Saudi defense minister secretly meets with Trump to...
Trump administration swarms SCOTUS with emergency requests and...
North Korea lashes out after Trump DOJ exposes...
President Trump to honor Iran strike flight team...
This July 4th, a family waits: American hostage’s...
Iran regime escalates repression toward ‘North Korea-style model...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Politics

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

by admin April 30, 2025
April 30, 2025
DOGE, Treasury discover $334M in improper payment requests due to foul codes

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

previous post
Elon Musk no longer working on DOGE efforts from White House: report
next post
Houston Rockets owner among trio of Trump ambassador nominees confirmed by Senate

You may also like

Morning Glory: Trump’s approval ratings have never been...

December 17, 2024

Middle East trip highlights President Donald Trump’s 17th...

May 17, 2025

Top 5 Inauguration Day moments

January 21, 2025

Trump’s ‘big, beautiful bill’ faces setback as Senate...

June 26, 2025

JFK’s grandson says there is ‘nothing heroic’ about...

January 24, 2025

Roy quizzes DOJ on ‘coordination’ with left-wing groups...

November 1, 2024

When it comes to ID, it’s time to...

May 1, 2025

Putin signs revised doctrine lowering threshold for nuclear...

November 19, 2024

Trump’s next move on the election’s biggest loser

November 13, 2024

With 19 days until voting starts, ‘election season’...

August 18, 2024

Recent Posts

  • EPA places numerous employees on leave for alleged misuse of official titles in unauthorized letter
  • 2 lone Republicans vote against Trump’s ‘big, beautiful bill’ as it heads to president’s desk
  • Trump administration torpedoes SCOTUS with emergency requests and sees surprising success
  • Mike Johnson touts ‘beauty of unified government’ after Trump’s ‘big, beautiful bill’ sails through Congress
  • Saudi defense minister secretly meets with Trump to discuss Iran de-escalation, Israel: sources

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (815)
    • Investing (2,453)
    • Politics (3,060)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.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 Sightful Invest. All Rights Reserved.