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Former Tech Executive Appointed Assistant Secretary At Treasury Department

The U.S. Treasury Department building is shown at dusk in Washington on June 6, 2019. The U.S. on Tuesday, Dec. 5, 2023, imposed sanctions on a Belgian involved in procuring electronics for the Russia

Tom Krause, a former tech executive with ties to Elon Musk, has been appointed as an assistant secretary at the Treasury Department. He is the only remaining person affiliated with the Department of Government Efficiency who has access to the nation's federal payments system.

Krause's new role involves overseeing the Bureau of the Fiscal Service, a critical office within Treasury that processes over $5 trillion in federal government payments annually. This includes distributing tax returns, Social Security benefits, and payments for other government agencies.

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