The US Treasury has sought to calm fears over Elon Musk’s access to its vast payments system, insisting no transactions have been cancelled, despite the billionaire’s claim to be “rapidly shutting down” remittances.
“The ongoing review of Treasury’s systems is not resulting in the suspension or rejection of any payment instructions submitted . . . by other federal agencies across the government,” Jonathan Blum, a principal deputy assistant secretary wrote to members of Congress on Tuesday.
Blum said Treasury staff members working with emissaries from Musk’s so-called Department of Government Efficiency (Doge) had been given limited, “read-only” access to the system, which disburses trillions of dollars each year, including social security payments.