Federal Spending Probe Uncovers Trillions In Untracked Payments

A sweeping investigation into federal spending has revealed that $4.7 trillion in payments went unaccounted for due to missing tracking codes. The Department of Government Efficiency (DOGE) has flagged the issue, citing the lack of required Treasury Account Symbol (TAS) codes on a massive number of transactions processed by the Treasury Department.

DOGE, which was created under President Donald Trump’s administration, has now implemented a new rule requiring all federal payments to include a TAS code. The agency says the change will ensure greater financial accountability and prevent similar oversight issues in the future.

Elon Musk, who has played a key role in DOGE’s operations, highlighted the issue on X, stating that identifying these payments was a major step toward improving financial transparency. His team has also uncovered irregularities in Social Security records, including millions of beneficiaries listed as over 130 years old.

In addition to investigating untracked payments, DOGE has been looking at potential savings in other areas of government spending. One proposal includes eliminating paper checks issued by federal agencies, a move that could save an estimated $750 million per year. The Treasury Department processed 116 million such checks in 2024, with maintenance costs adding to federal expenses.

DOGE has also been seeking access to the IRS’s Integrated Data Retrieval System, which holds taxpayer records and financial information. The request has sparked concerns among privacy advocates, who warn that giving DOGE access could lead to violations of taxpayer rights. IRS officials have pushed back against the request, citing security concerns.

The agency reports that it has already saved taxpayers approximately $55 billion through fraud detection, contract renegotiations and program eliminations. As DOGE continues its mission to cut government waste, its efforts are drawing both praise and scrutiny.