Wednesday, May 07, 2025

Insane: Over One-Third of Payments Issued by Treasury Cannot Be Tracked Back to Appropriation - Susie Moore

With so much going on these days — on multiple fronts — it's difficult to keep up with it all.
On Tuesday alone, there were multiple cabinet secretaries testifying before Congress, President Donald Trump made multiple appearances, commenting on everything from trade to FIFA, the Houthis cried "Uncle!", and India and Pakistan appear primed to bust out into an all-out war.
  • But looking back over some of the key moments, one was particularly jaw-dropping:
  • According to Bessent, over one-third of the 1.5 billion payments issued by the Treasury Department in the past year cannot be traced back to a corresponding appropriation. That's 500 million payments (not dollars — individual disbursements) that cannot readily be matched for auditing or accountability purposes.

Watch this exchange between Rep. Ashley Hinson (R-IA) and Bessent:

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