Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Halls of Shrewd'm / US Policy
Unthreaded | Threaded | Whole Thread (3) |
Author: Dope1   😊 😞
Number: of 84359 
Subject: On DOGE and Treasury
Date: 05/06/25 7:40 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 2
This seems like kind of a big deal:

X (Twitter): Rapid Response 47 on X: ".@SecScottBessent: "There was no accountability. That is why the 450 organizations that sit above Treasury, where Treasury acts as the

Treasury Secretary Bessent was on the Hill today and had this exchange:

HINSON: Can you define for the committee today what an improper payment is, and some examples of what you're seeing — and why these procedures were not already in place before, Mr. Secretary?

And the reply:
BESSENT: Well...it's a bit mystifying why they weren't in place. And what we are seeing is that there was a very complacent upper level of management in many departments...across the entire government. What I can say at Treasury is that of the 1.5 billion payments...we send out every year, they are required to have something called a TAS — the Treasury Account Symbol. We discovered that more than one-third — one-third — of those payments did not have a TAS number. So, as the Appropriations Committee, you should be shocked by that because: How can a payment be tracked back to an appropriation? Only through the TAS number. So there was no accountability. So that is why the 450 organizations that sit above Treasury, where Treasury acts as the paymaster, are unable to pass an audit. So, we have cracked down on that. Every payment now requires a TAS number — very simple.

Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to Dope1 here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
It's going to get worse · 33 recs · 2025
G’day Donny · 30 recs · 2026
Old Related Story · 28 recs · 2026
HCR is a national treasure · 27 recs · 2025
Fascism in America · 27 recs · 2025
Unthreaded | Threaded | Whole Thread (3) |


Announcements
US Policy FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of Politics | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community