Treasury Secretary nominee warns against increased government spending and not extending Trump tax cuts, citing concerns of an economic crisis. Tech billionaire Elon Musk criticizes alleged “fraudulent” Treasury payments and reports that the Department of Government Efficiency has access to the federal payment system. The Department of Government Efficiency, led by Musk, reportedly saved over $1 billion by canceling federal contracts and gaining access to the payment system, causing controversy and clashes within the Treasury Department.
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