Watchdog Flags $4.7 Trillion In Federal Payments Lacking Tracking Codes

The Department of Government Efficiency (DOGE) has revealed a major issue in federal spending oversight, identifying $4.7 trillion in payments that lacked required tracking codes. The missing Treasury Account Symbol (TAS) codes left a significant portion of last year’s budget untraceable, raising concerns about accountability in government transactions.

DOGE, established under President Donald Trump to cut unnecessary spending, has now mandated the use of TAS codes on all federal payments. The agency noted on X that this simple change would enhance transparency and provide much-needed oversight into how taxpayer money is allocated. The Treasury Department has agreed to enforce the new rule going forward.

Elon Musk, who has been involved in DOGE’s initiatives, praised the action, calling it a necessary step in cleaning up government waste. Musk’s team has also drawn attention to inaccuracies in Social Security records, pointing out that millions of beneficiaries are listed as being well over 100 years old. DOGE is now reviewing these cases to determine if fraudulent payments have been issued.

Beyond the missing transactions, DOGE has been investigating potential cost-saving measures. One proposal is the elimination of paper checks from federal agencies, a move that could save the government approximately $750 million per year. Treasury data shows that 116 million paper checks were issued in 2024, with a maintenance cost of $2.40 per check.

Meanwhile, DOGE’s request to access the IRS’s Integrated Data Retrieval System has raised alarms among privacy advocates. The database contains detailed taxpayer information, and critics argue that granting DOGE access could lead to serious security risks. IRS officials have expressed concerns over how the data could be used, while DOGE insists the access is necessary to uncover fraudulent activity.

Despite ongoing legal battles over access to federal financial systems, DOGE reports that it has already saved taxpayers around $55 billion. The agency continues to push forward with plans to identify inefficiencies and reduce government waste.