Treasury Secretary Scott Bessent criticized entrenched contractors, calling them a financial “boa constrictor” squeezing taxpayer dollars. Meanwhile, Elon Musk raised alarms about “magic money computers” in federal agencies, claiming they generate unauthorized payments, potentially misreporting trillions in spending.
These revelations have sparked calls for independent audits, stricter oversight, and full transparency in federal spending. The Trump administration, through DOGE, aims to overhaul outdated systems, curb waste, and restore fiscal accountability.
