The Treasury Payment System Elon Musk Now Has Access To
Odd Lots5 Feb 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.

    Episoder(1191)

    Episode 6: Meet The Man Who Made Millions Trading Mules

    Episode 6: Meet The Man Who Made Millions Trading Mules

    This week we're thinking about what it means to be a trader in today's electronified markets and contrast it with trading in the era of horse and buggies. That's right, we're going back in time to tal...

    14 Des 201525min

    Episode 5: 6,000 Years of Interest Rates

    Episode 5: 6,000 Years of Interest Rates

    (Bloomberg) -- What better way to prepare for what may be the first U.S. rate hike in almost a decade than to tour 6,000 years of interest-rate history? This week, Joe and Tracy speak with NYU Stern f...

    7 Des 201522min

    Episode 4: Can a Hedge Funder Cut Prescription Drug Costs?

    Episode 4: Can a Hedge Funder Cut Prescription Drug Costs?

    (Bloomberg) -- Hedge-fund manager Kyle Bass has a plan that could cut the high cost of prescription drugs in the U.S. -- and make himself a lot of money. The strategy: Take short positions in a number...

    30 Nov 201519min

    Episode 3: The Strange Story Behind the Beanie Babies Bubble

    Episode 3: The Strange Story Behind the Beanie Babies Bubble

    (Bloomberg) -- Two market bubbles stand out from the late 1990s. Technology stocks that were supposed to make everyone a zillionaire. The other: A series of mass-produced stuffed animals priced at $5 ...

    23 Nov 201522min

    Episode 2: Under the Hood of the $8 Trln Corporate Bond Market

    Episode 2: Under the Hood of the $8 Trln Corporate Bond Market

    (Bloomberg) -- It's definitely big and it might be broken. It's the bond market! The corporate bond market, that is. In the second episode of Odd Lots, hosts Tracy Alloway and Joe Weisenthal talk corp...

    16 Nov 201520min

    Episode 1: Tom Keene on Mathiness and His Favorite Guitar

    Episode 1: Tom Keene on Mathiness and His Favorite Guitar

    (Bloomberg) -- Tracy Alloway and Joe Weisenthal kick off the Odd Lots podcast by interviewing the legendary television and radio host Tom Keene. On Tom’s mind this week: Fat tail risks, mathiness on W...

    6 Nov 201522min

    The Odd Lots Preview

    The Odd Lots Preview

    (Bloomberg) -- Welcome to Episode Zero of the Odd Lots podcast! Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so random weekly walk through hot topics in markets, finance and ec...

    4 Nov 20153min

    Populært innen Business og økonomi

    stopp-verden
    lydartikler-fra-aftenposten
    dine-penger-pengeradet
    e24-podden
    rss-borsmorgen-okonominyhetene
    rss-penger-polser-og-politikk
    pengepodden-2
    livet-pa-veien-med-jan-erik-larssen
    finansredaksjonen
    utbytte
    pengesnakk
    stormkast-med-valebrokk-stordalen
    tid-er-penger-en-podcast-med-peter-warren
    morgenkaffen-med-finansavisen
    liberal-halvtime
    rss-sunn-okonomi
    lederpodden
    rss-pa-konto
    rss-investering-gjort-enkelt
    rss-markedspuls-2