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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Elon Musk's Social Security Warning After US Treasury's Payment System Takeover Alarming for Beneficiaries

Elon Musk Social Security United States SSA Medicaid DOGE Bitcoin
Musk claims massive fraud in federal payments. (Credit: AFP News)

Earlier this month, US Treasury Secretary Scott Bessent offered Elon Musk's Department of Government Efficiency (DOGE) access to the federal payments system responsible for paying Social Security benefits.

The federal payment system is a powerful tool for tracking and controlling government spending. Access to the tool could allow the Trump Administration to restrict the disbursement of money to federal programs.

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