Primary Country (Mandatory)

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
How an arcane Treasury Department office became ground zero in the war over federal spending

How an arcane Treasury Department office became ground zero in the war over federal spending

CNN
Saturday, February 01, 2025 06:11:27 PM UTC

A few weeks before Donald Trump was sworn in as president, members of his transition team went to the Treasury Department to talk about the handover of power.

A few weeks before Donald Trump was sworn in as president, members of his transition team went to the Treasury Department to talk about the handover of power. But what is normally a routine discussion turned into an alarming series of interactions for a handful of top career Treasury officials. Trump’s team, which included members of Elon Musk’s Department of Government Efficiency peppered Treasury officials about one of the department’s most sensitive and critical functions: processing trillions of dollars in government payments a year. Through a series of specific requests, Trump’s landing team attempted to lift the hood on the department’s Bureau of the Fiscal Service, an arcane branch that distributes nearly 90 percent of all federal payments, including Social Security benefits, tax refunds and payments to federal workers and contractors. That adds up to a billion annual transactions totaling more than $5 trillion. A month later, this obscure Treasury office is now a key battlefront in a wider war being waged by Trump and his allies over federal spending. Signs of the fight have emerged this week. The top civil servant at the Treasury Department, David Lebryk, is leaving unexpectedly after Trump-affiliated officials expressed interest in stopping certain payments made by the federal government, according to three people familiar with the situation.

Read full story on CNN
Share this story on:-
More Related News
CIA assesses Ukraine was not targeting a Putin residence in drone attack, contrary to Kremlin claim, sources say

The CIA has assessed Ukraine was not targeting a residence used by Russian President Vladimir Putin in a recent drone attack in the north of his country, according to US officials, undercutting an assertion the Russian president had made to Trump in a Monday phone call.

In evolving Latin America, US-Venezuela discord remains a constant

The following is a deep look at contemporary Venezuela, its history, its riches, its alliances and its delicate internal balance of power amid growing tensions with the US.

CIA assesses Ukraine was not targeting a Putin residence in drone attack, contrary to Kremlin claim, sources say

The CIA has assessed Ukraine was not targeting a residence used by Russian President Vladimir Putin in a recent drone attack in the north of his country, according to US officials, undercutting an assertion the Russian president had made to Trump in a Monday phone call.

© 2008 - 2026 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us