DOGE claims it found $4.7 trillion in Treasury payments that are ‘untraceable’

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Department of Government Efficiency said that it found $4.7 trillion in untraceable Treasury payments that were missing a critical tracking code. Elon Musk’s non-official advisory body, tasked with slashing bureaucracy and reining in federal spending, said that transactions were missing the Treasury Account Symbol: an identification code used to classify all transactions of the federal government. “The Treasury Access Symbol is an identification code linking a Treasury payment to a budget line item,” DOGE wrote on Musk’s X platform late on Monday. Sharing the organization’s tweet, Musk thanked DOGE, the Treasury and the Federal Reserve for finding the discrepancy, which he says will lead to “major improvements in Treasury payment integrity.” The Treasury was one of the first agencies Elon Musk’s DOGE embedded itself in last month Wisconsin Representative Mark Pocan says that the sum of allegedly untraceable government transactions rather conveniently mirrors the $4.5 trillion in proposed new deficits through tax cuts, in a budget blueprint currently being advanced by the GOP-controlled House Budget Committee.