Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Optimism CEO Teases New Enterprise Strategy

30/11/2025

Aging boomers and global wealth seen boosting crypto until 2100

30/11/2025

GaFin Taps Flagm8 to Redefine Web3 Esports Network

30/11/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    BitMine Immersion Added Nearly 70K Ether Last Week, Now Holding 3% of ETH Supply

    29/11/2025

    oversold bounce or breakdown ahead?

    29/11/2025

    A 300% Spike in Selling Pressure Could Threaten the Ethereum Price Bounce

    29/11/2025

    Can ETH Stabilize, or Is Another Pullback Brewing?

    29/11/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    NFT sales surge 9% to $77M, CryptoPunks show modest recovery

    29/11/2025

    AINFT Joins Forces with MEXC Listings to the Global Accessibility for NFT

    28/11/2025

    Conor McGregor accuses Khabib Nurmagomedov of scamming fans with $4.4 million NFT sale

    27/11/2025

    Leading RWA Start-Up ASX Goes Big on BNB Chain

    27/11/2025

    Optimism CEO Teases New Enterprise Strategy

    30/11/2025

    Aging boomers and global wealth seen boosting crypto until 2100

    30/11/2025

    GaFin Taps Flagm8 to Redefine Web3 Esports Network

    30/11/2025

    Brazil’s Economic Center São Paulo to Pilot Blockchain-Based Microloans for Farmers

    30/11/2025
  • Blockchain

    Optimism CEO Teases New Enterprise Strategy

    30/11/2025

    Brazil’s Economic Center São Paulo to Pilot Blockchain-Based Microloans for Farmers

    30/11/2025

    Sony Pushes Web3 Adoption in Asia With Launch of Soneium Layer-2 Network

    30/11/2025

    Boosty Labs proposes introducing native transaction batching on Tron

    30/11/2025

    PvpFun Partners with Dmail to Integrate Decentralized Encrypted Communication Solution with Web3 Entertainment

    30/11/2025
  • DeFi

    Lista DAO, DeFi JUST, 0xfluid Lite, Marinade Finance, Morpho V1, and Others

    29/11/2025

    Unlocking the Future of DeFi Liquidity

    29/11/2025

    Exploring the Perpetual DEX Powered by MPM Trading Engine

    29/11/2025

    Blazpay Partners with SocialGrowthAI to Elevate Gamified AI-DeFi Experiences

    28/11/2025

    Klara Finance Integrates GPT360’s AI Capabilities to Power AI-driven DeFi Lending Trading, Crypto Cross-Chain Wallet

    28/11/2025
  • Metaverse

    Cambridge Institute Joins InfblueNFT to Transform Digital Communication

    21/11/2025

    AGI Open Network Partners with MetaMars to Drive Marverse Economy

    15/11/2025

    Koda Nexus Opens in Otherside, Bored Ape Yacht Club Creator Debuts Social Hub

    13/11/2025

    Hollywood.com Reveals Crypto-Powered Prediction Market for Movies, TV and More

    04/11/2025

    Bored Ape creator revives brand with Otherside metaverse debut

    31/10/2025
  • Regulation

    Aging boomers and global wealth seen boosting crypto until 2100

    30/11/2025

    How a Scenario Few Expect Could Derail U.S. Stocks and Crypto

    30/11/2025

    Entering a Critical Week – Numerous Economic Developments and Altcoin Events Are Expected in the New Week – Here Is the Day-by-Day,…

    30/11/2025

    UK Turns to Goldman Sachs to Help Rescue London’s IPO Market

    30/11/2025

    From ‘Not a Fan’ to Crypto President

    30/11/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    CME Futures and Betting Markets Align on Fed’s Potential Quarter-Point Cut in December

    29/11/2025

    Coinbase Quietly Shifts Nearly 800,000 BTC in a Mega Consolidation Move

    29/11/2025

    According to Tom Lee, This Is the Real Reason Behind the Strong Bitcoin and Altcoin Decline We Are Experiencing

    29/11/2025

    South Korea Sees Explosive Trading Volume in 10 Altcoins – Here’s the List

    29/11/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    GaFin Taps Flagm8 to Redefine Web3 Esports Network

    30/11/2025

    Crypto Game ‘Cross the Ages’ Launches ‘Arise’ RPG Alpha Test on Epic Store

    26/11/2025

    ‘Assassin’s Creed’ Maker Ubisoft Unveils Game Powered by Generative AI

    24/11/2025

    Stobix Partners With Funton.ai to Boost Web3 Gaming Growth

    20/11/2025

    A Green Wave Hits Publicly Traded Bitcoin Miners as AI Money and Market Heat Collide

    30/11/2025

    BTC mining difficulty forecast to rise in Dec, as hashprice sits near record lows

    30/11/2025

    The High-Stakes Risk for Bitcoin Miners in Paraguay After 2027

    29/11/2025

    13 years after the first halving, Bitcoin mining looks very different in 2025

    29/11/2025

    Critical December Senate Discussions Could Transform Crypto Regulation

    29/11/2025

    Meeting on December 4 to Shape Markets

    29/11/2025

    Trump Pardons CZ—Now Binance Faces $1 Billion Terror Allegations

    29/11/2025

    Vietnam Plans Penalties on Individuals Using Unlicensed Crypto Exchanges

    29/11/2025

    Optimism CEO Teases New Enterprise Strategy

    30/11/2025

    Aging boomers and global wealth seen boosting crypto until 2100

    30/11/2025

    GaFin Taps Flagm8 to Redefine Web3 Esports Network

    30/11/2025

    Brazil’s Economic Center São Paulo to Pilot Blockchain-Based Microloans for Farmers

    30/11/2025
  • MarketCap
NBTC News
Home»Regulation»Elon Musk’s D.O.G.E discovers $4.7T Treasury payment code hidden in budget
Regulation

Elon Musk’s D.O.G.E discovers $4.7T Treasury payment code hidden in budget

NBTCBy NBTC20/02/2025No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


A $4.7 trillion black hole in US government spending just got exposed. Elon Musk’s Department of Government Efficiency (D.O.G.E) discovered that nearly five trillion dollars in Treasury payments had been processed without a mandatory identification code today, making the money nearly impossible to track.

The issue? The Treasury Access Symbol (TAS)—a required code that links federal payments to budget line items—was optional for years. According to D.O.G.E, billions of dollars were flowing unchecked, leaving little to no trail on where the money actually went. As of Saturday, the TAS field is now mandatory.

“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,” D.O.G.E posted on X Monday night. The agency credited the US Treasury for helping uncover the issue.

D.O.G.E uncovers billions in government waste

The Bureau of the Fiscal Service, a division of the Treasury, confirmed that TAS codes classify every financial transaction reported to the Treasury and the Office of Management and Budget (OMB).

But until now, agencies had the option to leave the TAS field blank, making it nearly impossible to track massive portions of the federal budget.

The Treasury Access Symbol (TAS) is an identification code linking a Treasury payment to a budget line item (standard financial process).

In the Federal Government, the TAS field was optional for ~$4.7 Trillion in payments and was often left blank, making traceability almost…

— Department of Government Efficiency (@DOGE) February 17, 2025

The discovery was announced the same day D.O.G.E updated the DOGE.gov Savings page, reporting $55 billion in estimated savings since the department’s launch. The agency said the data would be updated twice per week until it could eventually provide real-time tracking.

D.O.G.E outlined where those savings came from:

  • Fraud detection and deletion
  • Contract and lease cancellations or renegotiations
  • Asset sales and grant cancellations
  • Workforce reductions and program eliminations
  • Regulatory cost cuts

“We are working to upload all of this data in a digestible and fully transparent manner with clear assumptions, consistent with applicable rules and regulations,” D.O.G.E said on its website.

D.O.G.E faces lawsuits over federal data access

Meanwhile, attorneys general from 14 states have sued to block D.O.G.E from obtaining sensitive government records, saying that D.O.G.E and Trump’s administration are overstepping executive authority.

Despite the lawsuits, a Washington federal judge ruled on Friday that D.O.G.E could continue accessing data from the Departments of Labor, Health and Human Services, and the Consumer Financial Protection Bureau.

But not all agencies are complying. Michelle King, the head of the Social Security Administration, resigned after refusing to grant D.O.G.E access to agency records, according to a Fox News report.

White House spokesperson Harrison Fields confirmed her departure, saying, “President Trump has nominated the highly qualified and talented Frank Bisignano to lead the Social Security Administration, and we expect him to be swiftly confirmed in the coming weeks. In the meantime, the agency will be led by a career Social Security anti-fraud expert as the acting commissioner.”

Fields added, “President Trump is committed to appointing the best and most qualified individuals who are dedicated to working on behalf of the American people, not to appease the bureaucracy that has failed them for far too long.”

Elon’s budget cuts divide Conservatives

Elon’s D.O.G.E is dividing conservatives, who are now his people. Some Republican budget experts praise Elon’s direct access to government records, arguing that D.O.G.E has uncovered more waste than previous cost-cutting efforts.

Others say it’s too early to tell, claiming the agency is focusing on smaller agencies instead of making cuts to major budget areas like defense, Social Security, and Medicare.

A White House report last week said at least $2.2 billion in initial savings, while the D.O.G.E website now lists over $5.6 billion. But Elon’s goal remains much higher.

Elon initially wanted to cut $2 trillion from the budget, matching the size of the federal deficit. He has since adjusted that target to $1 trillion, a number that still dwarfs the agency’s current progress.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Aging boomers and global wealth seen boosting crypto until 2100

30/11/2025

How a Scenario Few Expect Could Derail U.S. Stocks and Crypto

30/11/2025

Entering a Critical Week – Numerous Economic Developments and Altcoin Events Are Expected in the New Week – Here Is the Day-by-Day,…

30/11/2025

UK Turns to Goldman Sachs to Help Rescue London’s IPO Market

30/11/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Optimism CEO Teases New Enterprise Strategy

30/11/2025

Aging boomers and global wealth seen boosting crypto until 2100

30/11/2025

GaFin Taps Flagm8 to Redefine Web3 Esports Network

30/11/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.