Trump, Musk can expose us to the risk: former treasure bosses

Five previous five Treasury secretaries He warned on Monday that the last actions in Treasury Department By Trump administration officials and Elon MuskThe Doge team raises “an important cause for concern” that the financial obligations of the United States are “illegally” undermined.

“We have during our service in the Treasury Department, he faced at times of crisis, when the specter of the American default non -performance New York Times on Ed.

“Any tips on the selective suspension of payments authorized to the Congress will be a violation of trust, and ultimately a form of non -performance of the commitment., And our credibility, after losing, proves to be difficult to recover,” they wrote.

“No treasury secretary in the first weeks of office should be placed in a position in which it is necessary to calm the nation and the world of honesty of our payment system or our obligation to supplement our financial obligations.”

But Kevin Hassett, the best economic adviser to the president Donald TrumpHe rejected the fears of former secretaries during an interview in “Squawk Box” CNBC.

Treasury Secretary Scott Bessent said: “He discovered that expenditure controls from the previous administration (Biden) were unacceptable. They sent the money without knowing where the money was going. “

Hassetstt also said the idea that Musk was behaving how his words “Master of Puppet” in the treasury department was “Poppycock”.

“Elon Musk is in the office next to me,” said Hassett. “There is no control.”

There were secretaries who wrote OP-ED, to Robert Rubin, Lawrence Summers, Timothy Geithner, Jacob Lew and Janet Yellen, of whom everyone served under democratic presidents: Bill ClintonIN Barack Obama AND Joe Biden.

Individual narratives appear in connection with the escalation Legal battles By accessing highly sensitive payment systems of the Treasury Department, whose members of the Government Department of the Government Department sought and received.

How DOSE And other elements of Trump's administration, to reduce federal expenses, and employment of employees, a government payment system, run by a fiscal treasury, drew their attention.

Their OP-ED quotes reporting last week over the times that the Chief of Staff of the Treasury Department originally pressed the member of the Doge Musk team, Tom Krause, “to receive access to a strictly kept payment system, so that the treasury could freeze withdrawals for payment to the American agency DS. International development. “

According to the E -Maile newspaper, the Times were seen by the Times' explanation “about why Krause and other members of the Muska team received access to the payment system, which pays over $ 5 trillion in federal financing.

The Treasury Department said that Krause and his team “carry out” an operational performance assessment “that does not include agency payment,” reports the Times.

In their OP-ED former secretaries said that access “increased” the long-term practice of payment systems served by “a very small group of impartial civil service officials”.

“The roles of these impartial officials were violated by political actors From the so-called government efficiency department, said OP-ed.

“We are taking an unusual step to writing this song because we are concerned about the risk of arbitrary and capricious political control of federal payments that would be unlawful and corrosive for our democracy,” wrote former secretaries.

Hassettwho manages the National Economic Council, he argued the burdensome against the foundation and claims of OP-ED on Monday.

“Can we talk about a tax letter first?” Hassett asked “Squawk Box“Hosts.” There is so many disinformation in it. “

Hassett continued: “Let's explain that the secretary of the treasury, Scott Bessent, is responsible for the treasury.”

Bessent, said Hassett, “said that the expenditure of the previous administration (Biden) was unacceptable.”

“They sent the money without knowing where the money was going. They sent money without flag, you know: “What was it for? “They didn't check before they sent the money if it was appropriated,” Hassett said. “And when we enter and look, we find many things that should not be sent.”

Hassett said: “There is a lot to do to explain it.”

“This idea that there is a puppet master who tells the secretary of the treasury what to do, and therefore all the secretaries of the treasury must be, how, how, they are only leftist media, you know, poppycock.”

“Why do we come up with false things about what Elon is doing, because we just try to see where the money is going,” said Hassett.

“And I think it's probably, we'll finally find that a lot of money went to bad places.”