The Treasury Payment System Elon Musk Now Has Access To
Odd Lots5 Helmi 2025

The Treasury Payment System Elon Musk Now Has Access To

Elon Musk and his Department of Government Efficiency (DOGE) have gained access to a unit within the Treasury Department called the Bureau of Fiscal Service. But what does this unit actually do? How critical of a role does it play in the operations of government, and potentially, financial markets? On this episode, we speak with Nathan Tankus, the author of the Notes On The Crises newsletter. He explains both the technical aspect of this office, as well as the legal questions surrounding impoundment and the ability of the executive branch to cut off payments that have been previously authorized by Congress. We also talk about the operational risks and the potential disaster scenario should this system — which has been built in COBOL over decades — go down.

Read More: US Treasury Brings In Two Members From Musk’s DOGE Team

Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots

    See omnystudio.com/listener for privacy information.

    Jaksot(1185)

    What the Iran War Means for Dubai's Luxury Boom

    What the Iran War Means for Dubai's Luxury Boom

    Dubai has become a huge destination for the rich, with an influx of high-net-worth residents driving up property prices and boosting the UAE's tax revenues in recent years. And of course, Gulf countri...

    23 Maalis 55min

    Introducing: Leaders with Francine Lacqua

    Introducing: Leaders with Francine Lacqua

    What makes a leader successful? Francine Lacqua interviews top CEOs and global industry leaders for candid lessons on leadership, management, and the future of work.See omnystudio.com/listener for pri...

    22 Maalis 1min

    Here's Why The Iran War Is Prompting A Safe Haven Rethink

    Here's Why The Iran War Is Prompting A Safe Haven Rethink

    Here's Why is Bloomberg’s short explainer podcast, where we take one big news story and break it down in just a few minutes with help from our experts across the newsroom. We're dropping into your fee...

    21 Maalis 12min

    Greg Brew on Surging Energy and the 'Strategic Trap' of the War in Iran

    Greg Brew on Surging Energy and the 'Strategic Trap' of the War in Iran

    The war in Iran has already lasted longer than many people might have expected. There was an initial assumption, after oil prices started surging, that President Trump could just declare victory at an...

    20 Maalis 53min

    How War in Iran Will Squeeze America's Farmers Even Further

    How War in Iran Will Squeeze America's Farmers Even Further

    America’s farmers can’t seem to catch a break. Years of thin margins and rising costs have already stretched them to the limit. And now, war with Iran is making things even harder. The conflict is dri...

    19 Maalis 47min

    War in Iran Is Redrawing the Map for Natural Gas

    War in Iran Is Redrawing the Map for Natural Gas

    Mostly, the world has been watching the price of oil skyrocket amid the war in Iran and the de facto closure of the Strait of Hormuz. But there's more than just oil that comes out of the region. Qatar...

    18 Maalis 44min

    War in Iran is Chewing Through American Missile Stockpiles

    War in Iran is Chewing Through American Missile Stockpiles

    The war in Iran has been fought almost entirely in the skies, with both offensive missiles, as well as anti-missile defense systems. But the math is brutal. The war in Ukraine has already put a dent i...

    16 Maalis 44min

    What War in Iran Means for China's Teapot Oil Refineries

    What War in Iran Means for China's Teapot Oil Refineries

    In the wake of the war in Iran, oil prices have shot up for everyone. But not all oil is exactly equal. And, obviously, a lot of Iranian oil goes to China specifically. Furthermore, because Iran’s oil...

    13 Maalis 43min

    Suosittua kategoriassa Liike-elämä ja talous

    sijotuskasti
    mimmit-sijoittaa
    rss-rahapodi
    psykopodiaa-podcast
    rss-rahamania
    ostan-asuntoja-podcast
    hyva-paha-johtaminen
    rss-lahtijat
    rss-sisalto-kuntoon
    rss-seuraava-potilas
    rss-sami-miettinen-neuvottelija
    rss-startup-ministerio
    herrasmieshakkerit
    rahapuhetta
    lakicast
    rss-porssipuhetta
    asuntoasiaa-paivakirjat
    rss-set-for-life-sijoita-ja-vaurastu
    rss-viisas-raha-podi
    rss-vaikuttavan-opettajan-vierella