Musk’s Treasury incursion puts the entire financial system at risk, former officials warn
Graham Steele and Emily DiVito write: Elon Musk’s unprecedented access to the US Treasury’s payment system deserves the public outcry that it has received. As former Treasury officials, we fear the situation is even more dire than it might appear. Musk’s recent actions, days after the Office of Management and Budget’s government funding pause that a federal judge quickly blocked, suggest a big and broad vision for a dramatically consolidated and politicized Treasury. This could have widespread effects on our…