The Treasury has tried to reassure the public regarding Elon Musk's involvement in its payment systems. The Treasury's payment system has not stopped any transactions despite Musk's claims of halting payments. The Treasury's principal deputy assistant secretary, Jonathan Blum, communicated wi
Imagine that. A guy like Elon Musk is trying to get under the hood of the US Treasury's payment system. This is not good. People in the know are worried. Let’s start with the guy who actually knows how this system works. Many of the people who read this website may not have heard of David Le
Billionaire, Elon Musk, has recently shone a spotlight on the US Treasury. He pointed out that there are some questionable payments happening within the system. These shady transactions are not the only thing that's been brought to light. The treasury maybe trying to hide something. No one has any
In recent news, a lot of people are talking about a big change in the U. S. government. The Treasury Department given a team working for Elon Musk the keys to a big system that handles a huge amount of money for Americans. First, let's break this down. The Treasury Department manages a system t
It was a busy morning for U. S. Treasury yields, which took a dip at the start of Tuesday. Why? Investors were processing some big news: President Donald Trump had returned to the White House and signed a bunch of new executive orders. The 10-year Treasury yield was down by over 2 basis points to 4.
At his Senate confirmation hearing, Scott Bessent, President Trump's pick for the Treasury, revealed a worrying trend in the U. S. economy. he doesn't think America has a revenue problem, but rather, a severe spending issue. Bessent explained that this very problem prompted him to leave his quiet jo
In a surprising turn of events, the U. S. Treasury Department revealed that their systems were breached by Chinese hackers. The intrusion happened after a third-party software service provider was compromised. This allowed hackers to access some workstations and unclassified documents. The Treasury
Imagine this: US Treasury computers were hacked recently. It wasn't just any hacker, though. Officials say it was a Chinese state-sponsored group. Here's how it went down. A third-party software provider called BeyondTrust discovered something fishy on December 2. It seemed hackers had stolen a key
Earlier this month, hackers linked to China managed to sneak into the US Treasury Department's computers. They didn't do it directly, though. Instead, they targeted a third-party cybersecurity company called BeyondTrust. By getting into BeyondTrust's system, the hackers could access some of the Trea
Do you know that when Treasury yields go up, prices go down? Today, the 10-year Treasury note was barely changing, sitting around 4. 39%. Meanwhile, the 2-year Treasury note wasn't moving much either, hanging around 4. 21%. This happened right before the Federal Reserve makes its decision about inte
