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Here’s Most Dangerous Part of Elon Musk’s Treasury Takeover

Hosted on MSN · 3h

Elon Musk’s DOGE takeover of Treasury payments systems is already racking up legal challenges. Here’s what to know

A lawsuit filed Monday seeks to halt the ‘unlawful disclosure of information,’ including Treasury data on Americans’ taxes and Social Security, to DOGE staff. This week, President Trump adviser Elon Musk’s newly formed Department of Government Efficiency (DOGE) seems to have gained full access to the Department of Treasury’s payments systems responsible for processing trillions of dollars of spending,

The Financial Times · 1d

US Treasury moves to quell fears of Elon Musk taking over payments system

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 New Republic on MSN · 14h

Here’s the Most Dangerous Part of Elon Musk’s Treasury Takeover

Elon Musk’s team of coders are creating a “backdoor” into the U.S. Treasury system, according to legal and I.T. professionals. “Pushing live production code cooked up by some young coders over a week of [sleepless] nights in place of a legacy system that is fundamental to the operation of the US government is against every programming best practice,

Wall Street banks sell $5.5B of X loans

New York Post on MSN · 10h

Wall Street banks sell $5.5B of X loans as investors bet big on Elon Musk: report

Banks unloaded $5.5 billion of debt holdings in X that they have been stuck with since 2022, when Musk acquired the site formerly known as Twitter.

The Financial Times · 11h

Wall Street banks offload $5.5bn in debt linked to Elon Musk’s takeover of Twitter

Wall Street banks saddled with debt from Elon Musk’s $44bn takeover of Twitter sold large chunks of the loan package to investors on Wednesday, allowing a number of lenders to exit one of the toughest acquisition financings in recent years.

Yahoo Finance on MSN · 8d

Wall Street hopes to get rid of a bad Elon Musk bet

Wall Street banks are hoping this is the week when they can start to recover more from the bad bets they made on Elon Musk’s 2022 Twitter buyout.

9h

'Out of order!' House GOP panel shoots down Democrats' call to subpoena Elon Musk over DOGE

The heated exchange early in a House Oversight hearing about "Rightsizing Government' leads to Democrat protests that Musk is ...

Intelligencer on MSN2d

Elon Musk May Have Your Social Security Number

The billionaire and his DOGE agents were granted full access to the Treasury’s federal payments system, and nobody knows to ...

9hon MSN

Tesla Stock Fell. California Might Be Turning Against Elon Musk.

Investors are looking for evidence Musk’s politics are hurting Tesla. It’s hard to find, but California might be turning ...

6d

Amazon ramps up ad spending on Elon Musk's X, WSJ reports

Amazon.com is increasing its advertising on billionaire Elon Musk's social media platform X, the Wall Street Journal reported ...

Crooks and Liars1d

President Musk's Poll Numbers Are Almost As Bad As Yambo's

Fifty-two percent of registered voters have an unfavorable view of Musk, while just 39% view him favorably, according to new ...

15hon MSN

Trump-Musk purge of the CIA underway as agency pivots to spying on traditional allies like Mexico

The offer also comes as Trump and Tesla CEO Elon Musk, head of the extralegal Department of Government Efficiency, are ...

1d

Musk: Trump ‘will succeed’ in dismantling Education Department

Elon Musk, the tech billionaire whom President Trump has tapped as the head of his new Department of Government Efficiency ...

Hosted on MSN9h

'Unelected weirdo': Even centrist Democrats relish taking shots at Elon Musk

Democrats are going all-in on making X owner Elon Musk their No. 1 bad guy as they work to retake Congress from Republican ...

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