The former officials, all of whom served under Democratic administrations, are raising alarms about what they perceive as a significant threat to the financial integrity of American democracy.
The letter, which brings together the voices of Robert E. Rubin, Lawrence H. Summers, Timothy F. Geithner, Jacob J. Lew, and Janet L. Yellen, criticizes the administration's approach as "arbitrary and capricious political control of federal payments."
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They express profound concern over the constitutional implications of these actions, stating, "While significant data privacy, cybersecurity and national security threats are gravely concerning, the constitutional issues are perhaps even more alarming."
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As reported by Mediaite, the crux of their concern centers on billionaire Elon Musk, who has reportedly gained access to the Treasury's federal payments system. This system, which handles over $6 trillion annually for federal agencies, contains sensitive personal data for millions of Americans. Musk's involvement is part of Trump's broader initiative to "shrink the federal government," a move the former secretaries argue could "unlawfully undermine the nation’s financial commitments."
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Traditionally, the Treasury's payment operations have been managed by a select group of nonpartisan career civil servants. However, the letter alleges that this tradition has been disrupted by "political actors" within Trump's Department of Government Efficiency (DOGE).
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The former secretaries highlight concerns about an unnamed employee with "financial conflicts of interest," emphasizing that these individuals "lack training and experience to handle private, personal data." They warn that this situation exposes America's payment system and its sensitive data to potential risks, including exposure to adversaries.
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Although a federal judge has temporarily halted Musk's access, citing Congress's control over financial matters, the former secretaries caution that the danger persists. They stress the critical nature of these funds, noting, "People often rely on these funds for survival, making any risk of their cutoff or delay existential." They further warn that any indication of selective suspension of congressionally authorized payments would constitute a breach of trust and a form of default, with long-lasting repercussions on the nation's credibility.
