Elon Musk's access to the U.S. Treasury Department's payment system and financial data has sparked alarm among government officials and lawmakers. Treasury Secretary Scott Bessent reportedly supported Musk’s team, which includes Tom Krause, now analyzing Treasury’s systems. A federal judge temporarily restricted access to the system following union concerns over data privacy but allowed "read-only" access for two Musk associates. GOP senators privately objected, citing overreach beyond cost-cutting. Musk’s role is backed by the President and raises concerns about conflicts of interest with his business empire.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Elon Musk's access to the U.S. Treasury Department's payment system and financial
00:06data has sparked alarm among government officials and lawmakers.
00:10Treasury Secretary Scott Besent reportedly supported Musk's team,
00:14which includes Tom Krause, now analyzing Treasury systems.
00:18A federal judge temporarily restricted access to the systems following union
00:22concerns over data privacy, but allowed read-only access for two Musk associates.
00:27GOP senators privately objected, citing overreach beyond cost-cutting.
00:31Musk's role is backed by President and
00:33raises concerns about conflicts of interest with his business empire.