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Saturday, Feb 22, 2025
Outside the box.
DOGE Introduces New Treasury Identifier Protocols in Light of Federal Savings Initiatives
The Department of Government Efficiency has declared mandatory TAS codes for $4.7 trillion in Treasury disbursements and estimates $55 billion in savings, despite encountering legal hurdles.
On February 18, 2025, the U.S. Department of Government Efficiency (DOGE) announced that the Treasury Access Symbol (TAS), an identification code that connects Treasury payments to budget line items, has now become a mandatory requirement for transactions amounting to nearly $4.7 trillion.
Previously optional and often omitted, this new regulation aims to enhance the traceability of federal expenditures.
DOGE commended the U.S. Treasury for recognizing the optional field, as mentioned in a post on the social media platform X.
The agency also reported that since its inception, it has achieved estimated savings of around $55 billion.
These savings are attributed to various measures such as fraud detection and elimination, contract and lease cancellations and renegotiations, asset sales, grant cancellations, workforce reductions, programmatic changes, and regulatory adjustments.
The department indicated that the data on these savings is being updated bi-weekly with plans to shift to real-time reporting.
Established through an executive order as a temporary organization within the White House for an 18-month period, the agency has also been active in efforts to curtail federal spending.
Among its initiatives is the cancellation of Education Department grants exceeding $370 million associated with Diversity, Equity, and Inclusion (DEI) funding.
DOGE is headed by Elon Musk and has appeared in media alongside President Donald Trump, including an interview on a national news program on February 18. The department has faced scrutiny over its access to federal data systems, including the Treasury's payment system, and its actions regarding contract cancellations and agency budget cuts.
Attorneys general from 14 states have launched legal proceedings to prevent DOGE from accessing federal data, claiming that the administration has overstepped its executive authority.
In related news, a federal judge in Washington rejected a request to temporarily prevent DOGE from accessing sensitive information from the Departments of Labor, Health and Human Services, and the Consumer Financial Protection Bureau.
Moreover, the Congressional DOGE Caucus has reportedly grown to over 100 members, signaling an increasing legislative interest in the agency's cost-saving measures.
Previously optional and often omitted, this new regulation aims to enhance the traceability of federal expenditures.
DOGE commended the U.S. Treasury for recognizing the optional field, as mentioned in a post on the social media platform X.
The agency also reported that since its inception, it has achieved estimated savings of around $55 billion.
These savings are attributed to various measures such as fraud detection and elimination, contract and lease cancellations and renegotiations, asset sales, grant cancellations, workforce reductions, programmatic changes, and regulatory adjustments.
The department indicated that the data on these savings is being updated bi-weekly with plans to shift to real-time reporting.
Established through an executive order as a temporary organization within the White House for an 18-month period, the agency has also been active in efforts to curtail federal spending.
Among its initiatives is the cancellation of Education Department grants exceeding $370 million associated with Diversity, Equity, and Inclusion (DEI) funding.
DOGE is headed by Elon Musk and has appeared in media alongside President Donald Trump, including an interview on a national news program on February 18. The department has faced scrutiny over its access to federal data systems, including the Treasury's payment system, and its actions regarding contract cancellations and agency budget cuts.
Attorneys general from 14 states have launched legal proceedings to prevent DOGE from accessing federal data, claiming that the administration has overstepped its executive authority.
In related news, a federal judge in Washington rejected a request to temporarily prevent DOGE from accessing sensitive information from the Departments of Labor, Health and Human Services, and the Consumer Financial Protection Bureau.
Moreover, the Congressional DOGE Caucus has reportedly grown to over 100 members, signaling an increasing legislative interest in the agency's cost-saving measures.
