treasury, something no treasury secretary has ever actually seized control of. senator wyden got a reply letter today that the treasury secretary himself, scott bessent, who should be impeached and won't be for allowing elon musk to violate the integrity and security of the united states treasury, was afraid to sign. the treasury secretary was afraid to sign this letter. the letter says that elon musk's band of unnamed computer operators, quote, will have read only access to the coded data of the fiscal services payment system. read only access. really? does elon musk seem like a read only guy to you? does elon musk seem like someone who would accept read only access anywhere, or someone who wants his hands on the controls? elon musk says he has much more than read only access. last weekend, when we first learned of musk's raid on the united states treasury, where he was seizing the controls after a treasury official was removed from his job on friday by the treasury secretary so that musk could do whatever he wanted to do, elon musk wrote at 1:52 a.m. on saturd

the treasury department must revoke doge's access to the treasury payment system at once. we must halt this unlawful and dangerous power grab. doge has no business anywhere, anywhere near the federal government's payment systems nor america because a private data system. senator murray. sen. murray: well, we're two weeks in and it is already painfully clear this is the most corrupt administration in our history, and it's putting our economy, our government, and our most at-risk communities in serious jeopardy. in particular, we learned that elon musk now has access to the treasury department's most sensitive payment system, handling $6 trillion every year and managing nearly all federal disbursements. it's a system that contains extremely sensitive personal and commercial information, and i've been hearing from people across my state who are truly alarmed about what musk and his associates having access to this system could mean for their data and for funding that they count on. let's not mince words here. an unelected, unaccountable billionaire with expansive conflicts of

donald trump's treasury secretary is now the first treasury secretary in history who should be impeached, impeached for handing those keys to the treasury, to elon musk. it would be like having the richest customer of a bank telling the bank president, hey, i want to see everyone else's accounts at the bank, and the bank president just opens the books to let the richest customer of the bank see and do whatever he wants. and to extend this example a bit. imagine that the richest customer of that bank actually hates that bank and is fully loyal to another bank. and that bank is in china, and his business and wealth is completely dependent on the good graces of the government of china. what are the chances that elon musk would let his friends in the chinese government know a little bit more or a lot more about the inner workings of the united states treasury? does anyone think there is a zero chance of that happening? a zero chance? does anyone think that elon musk, the most erratic public figure in the world not named donald trump, can actually be trusted with? anything? we have no idea wh

inside the treasury, especially because we don't know. >> what's. >> going on inside the treasury. >> yeah, i was wondering, actually, i wanted to ask you, lawrence, we've got a lawsuit now filed on behalf of retirees, among other things, to over the fact that they've obtained, you know, personal, sensitive information of everybody who gets a social security check. as far as we can tell, there's the lawsuit over there. we know that there's going to be a protest of some sort of some size. i don't know, tomorrow at the treasury department at 5 p.m, given how you are feeling about the seriousness of what's happening at treasury, what do you think of the pushback so far? do you think anything that has been either said or threatened or promised thus far looks to be the right kind of response? >> well, the lawsuit is the only possible hope for a corrective. and it's. >> only a hope. >> because a. >> lawsuit like that, first of all, asks for an injunction to stop the behavior. >> that's going on. >> and that's really all it does at best, is that there will be a. court order saying, okay, mus

treasury. that sends out everything from your social security check to your tax refund, to everything else the government pays for that. news, in particular, had caused pretty understandable and pretty widespread freakout in this country, first among treasury employees, including the acting treasury secretary, somebody who's been employed at the treasury department for decades, who's a career nonpartisan civil servant. he tried to stop them from getting their hands on this payment system, and then he resigned when he couldn't stop them. but it caused a big freakout inside treasury. it also caused a significant freakout among members of congress. it also caused a significant freakout among members of the public. we know that in part because members of congress have been telling the press this week that as the numbers of phone calls to house and senate offices have skyrocketed over this past two weeks, with people complaining about trump's actions and demanding that their members of congress and

treasury. that sends out everything from your social security check to your tax refund, to everything else the government pays for that. news, in particular, had caused pretty understandable and pretty widespread freakout in this country, first among treasury employees, including the acting treasury secretary, somebody who's been employed at the treasury department for decades, who's a career nonpartisan civil servant. he tried to stop them from getting their hands on this payment system. and then he resigned when he couldn't stop them. but it caused a big freakout inside treasury. it also caused a significant freakout among members of congress. it also caused a significant freakout among members of the public. we know that in part because members of congress have been telling the press this week that as the numbers of phone calls to house and senate offices have skyrocketed over this past two weeks, with people complaining about trump's actions and demanding that their members of congress and

instead on bringing down treasury yields. donald trump's aid to look to tone down his goal for the u.s. to own the gaza strip, calling it an out-of-the-box idea. a bank of england looks set to cut interest rates for third time today, but official growth and inflation forecasts are expected to move in the wrong direction. lizzy: a very good morning, welcome to the program, and we kick off with breaking earnings from volvo, for the income coming in it 3.5 billion swedish krona. the estimate was for 6.2, so him is there. margins impacted by volumes, investments, extra cost, and volvo saying it sees 2025 truck market, 710,000 units, fourth-quarter adjusting operating profit coming in it 14. they still see 2025 seeing the american truck market demand, 300,000 units there, so we will conduct of all volleyball later in the program. we will be speaking to the ceo about those earnings. volvo and the firing line for donald trump's economic policy given it is a european carmaker but also has a chinese majority owner. we will be speaking

presidents and treasury secretary's web. a lot of this is out of their hands unless they are able to conjure up a fiscal surplus which doesn't appear to be on the cards for now. in fact, that's the one thing that investors would like to hear more from mr. bessent. how is he going to address the current deficit in the u.s. on the physical side and the current-account side? those are problems for the medium term. for now, investors can be reassured that he's not playing around with the quarterly refunding. tom: when it comes to the job stayed out later today, markets currently pricing in about 42 basis points of additional cuts by the fed by the end of the year. what will you be scrutinizing when it comes to the jobs data and how that informs our understanding of the next steps for the fed? mark: this is a complex one today. there's going to be a lot of revisions. people may be spending so much time going through the revisions previous data that the net effect on the market might not be that great. it would be hard to get a su

that's what the situation at the treasury department is all about. we try to stop the steal act to prevent unlawful access to the department of treasury's payment system connected to people trying to steal personal, sensitive and confidential information related to social security recipients, medicare recipients, taxpayers, businesses, not for profits, veterans, and everyday americans. it's unacceptable, unconscionable, and un-american. stop the steal act will prevent this unlawful access from taking place. it's unfortunate that many of our republican colleagues are determined to stand up a shadow government of the billionaires, by the billionaires, and for the billionaires that will stick it to the american people. that's what's driving much of the behavior on the other side of the aisle, because at the end of the day, my house republican colleagues are determined to pass massive tax cuts for their billionaire donors and wealthy corporations and then stick working class americans with the bill. by doing things likening medicaid as we know it. we won

jon: how will they manage the average maturity at the treasury? the second point is an important one. will they be constrained by the bond market as they start to develop how big they want these tax cut plans to be? annmarie: trump 2.0 everyone says will mean higher yields because you have a blooming reconciliation bill.on top of that, the fact that whether or not it is pervasive or one-time hit, many economists will tell you that tariffs are inflationary. lisa: when you sit back, it puts these two ideas against each other. the idea of more nationalist, putting tariffs on policies that are typically not as good for growth with the progrowth aspects. you think about the 10-year treasury yield's, and if that is their metrics, do they like that tariffs are being treated as disinflationary and may be a damper on growth, even the uncertainty? at what point is the damper on growth a problem even though you are getting lower yields on the long end of that some of these officials want? jon: we all have follow-up questions but you get round two of scott be

in headlines today, elon musk's influence on the treasury, doge's en influence on treasury, are treasury secretary, what can you tell us. >> you know, elon musk is the greatest entrepreneur of this generation. and the doge you know outlook and their brief from the president, that department of government efficiency, and we had grace -- we're old enough to remember. larry: peter grace. >> grace commission in 80s. >> reagan years. >> bill clinton, al gore set up a commission on government efficiency, that failed. and doij doge is not going to fail, they are moving a lot of people's cheese here in the capitol. and that -- when you hear this squawking, then, some stastatustatus quo interest is not happy, i will tell you at the treasury, our payment system is not touched. everything we process 1.3 billion via payments a year. there is a study being done, can we have more accountability, more accuracy and traceability that money is going where it is, as far as stop that is upstream at department level. larry: well, essentially you you say you are con cooperates on government down sizing with e

treasury has been cut off.esn't have access. but the one who's left. he only has read only access now. and other people only have access who are in the treasury with a need to know basis. the fork in the road memo. the deferred compensation that's on hold thanks to a federal court release and gathering of the names of fbi agents. that's on hold because of an action in federal court. so for all of these shenanigans and all these attempts, federal judges, at least at this stage, are agreeing this is not the way you do it. this is not how you proceed. for one thing, elon musk has government contracts. and there are laws, criminal laws, in fact, that prevent one from acting within government. whatever your name is, employee, volunteer, special employee, regular employee. if you are then affecting business that you have before the government. so that's one big restraint. another is that congress does appropriate this money, and it's not up to elon musk to turn the switch. and in fact, we're going to have a big fight

treasury secretary says elon musk's doge effort is not altering treasury systems. we dig into the sports betting industry with the super bowl this sunday. we dig into these markets with the number one name dragging down the nasdaq, amazon. we are up by 3.6%. this is all about the earnings we get. the fact that they managed to be in line for their fiscal fourth-quarter. we see earnings overall showing 60% more than growth in operating profit. it is the forward-looking guidance that has us a little bit anxious, all about aws. let's get to it with our bloomberg intelligence analyst. they are committing to spend one hundred billion dollars on aws, necessary to capture the extent of demand for cloud right now. >> absolutely right. we are not supposed -- surprised by that. 105 billion dollars in 2025 and likely thereafter means they are spending more on ai, but that is a good thing. we want to see them spend more because there is going to be higher demand for aws services and amazon needs to make sure they are investing. jackie: what did the company say about its e-comme

temporary restraining. >> orders. >> treasury.off. >> only one. >> of those gentlemen. >> the one. >> who. >> left, obviously doesn't. >> have access. >> but the. >> one who's left. he only. >> has read only access now. >> and other. >> people only have access who are in the treasury with a need to. >> know basis. >> the fork in the road memo. the deferred compensation that's on hold thanks to a federal court. >> release and. >> gathering of the names of fbi agents. >> that's on hold because. >> of an action in federal court. >> so for all. >> of these. >> shenanigans and all. >> these attempts. >> federal judges. >> at least at. >> this stage, are agreeing this is not the. >> way you. >> do it. >> this is not how you proceed. for one thing, elon musk has government contracts. and there are laws, criminal. >> laws. >> in fact, that. >> prevent one from acting within government. >> whatever your name. >> is, employee. >> volunteer. special employee. regular employee. >> if you. >> are then affecting business that you have before th

and it's a system within the treasury department that is very closely held.very few people work on it. it really hadn't been paid attention to by people in political spheres for a long time. and one thing, pam, that we were also told by a source here in reporting this out, is that bessent, the secretary, didn't give limitations initially when he brought the doge people in to do this. even after these emails, when he came in to play. >> that's important context. all right. phil, caitlin, excellent reporting. thank you. we'll be right back. >> welcome back. >> have i got news for you returns february 15th on cnn. >> we are. >> living with afib, and over half a million of us have left blood thinners behind for life. >> we've cut our stroke. >> risk and said goodbye to our bleeding worry with the watchman implant. watchman? it's one time. >> for a. >> lifetime. >> your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i thi

treasury's payments system.ow the top civil servant at the treasury department left abruptly on friday, the same day trump affiliated officials asked about stopping certain payments made by the federal government. now, this is kind of the plumbing here, the system that doles out more than $5 trillion in payments each year. that includes social security benefits, tax refunds and payments to federal workers. nearly 90% of the government's payments. cnn's katelyn polantz joins us now. caitlin, we've been covering this, working on this, reporting it out over the course of weeks. now. i think at this point, what does the team have access to right now? do we know what's happening in the treasury department? >> well. >> it. >> appears they have access to a super secret, super sensitive system within the treasury department. it's so sensitive and so low key in the way the treasury department operates that other administrations political appointees were barely paying attention to it. but what this is, is it's the essenti

why take on the treasury department? why sue the treasury department specifically? as i know, your group has also filed suit against doge over its uncertain legal status and authorities previously absolutely. >> well, thanks so much for having me. and you know, our suit simply demands an immediate end to the systemic, continuous and ongoing violation of federal laws that protect all of our privacy. that is, the privacy of personal information contained in federal records. it's a big deal because the treasury maintains sensitive personal and financial information of all of us, of millions of americans, and there are laws in place to protect us. we are simply suing to put us back to regular order. >> are there assurances that elon musk or the secretary of the treasury could offer that would make. it's not really about feelings, but i'll say it. i'll put it that way. it would make you feel better about doge staffers gaining access to this sensitive treasury data. >> i don't think so. it's a great question, but, you know, treasury is claiming that, you know, tom krause,

that's what the situation at the treasury department is all about. we try to stop the steal act to prevent unlawful access to the department of treasury's payment system connected to people trying to steal personal, sensitive and confidential information related to social security recipients, medicare recipients, taxpayers, businesses, not for profits, veterans, and everyday americans. it's unacceptable, unconscionable, and un-american. stop the steal act will prevent this unlawful access from taking place. it's unfortunate that many of our republican colleagues are determined to stand up a shadow government of the billionaires, by the billionaires, and for the billionaires that will stick it to the american people. that's what's driving much of the behavior on the other side of the aisle, because at the end of the day, my house republican colleagues are determined to pass massive tax cuts for their billionaire donors and wealthy corporations and then stick working class americans with the bill. by doing things likening medicaid as we know it. we won

the treasury inspector general for taxed a strairks the i.r.s. and treasury, must explain to the american people what happened and what is being done to make sure that it's never done again with their private information. he said at a later date, it's up to us, members of the chief tax writing committee, that's us, in congress to protect the public trust and to secure private taxpayer administration. finally, on september 17 of 2024, on a floor debate he said, when americans file their tax returns, they expect their personal data and tax information are confidential. so they agree with us. at least chairman smith agrees with us. let's hope that he continues to exercise the same consistency and support us in our efforts to stop the abuse of this power. with our private information, with your private information. and to make sure that the people's privacy is protected. with that, i want to bring up my good friend and very talented member of congress, jimmy gomez from california. mr. gomez: thank you, tom. first, i'm a dad, first and foremost. i com

we have convened here at the treasury department. we have got to tell elon musk nobody elected your ass. nobody told you you could get all of our private information. nobody told you you could be in charge of the payments of this country. we have told you you have made enough money off our government yourself. now you want to take everybody else's payroll and make sure that they do not make the kind of money that you have made. you want to use our money to go to mars. no. we want to use our money right here in washington, d.c., in this country. we want to make sure all of our federal employees are protected. we have to make sure that you know and understand nobody elected you. you think you are the president of the united states of america? the copresidents that can take over, go into our private payment system and do whatever you want to do? you got another thought coming. we are going to stop you right now. ladies and gentlemen, we are at a crisis in this country. we are in a crisis in this country because trump and elon musk and t

in the headline and elon musk influence on treasury and doge influence on treasury and you're the treasury secretary, what can you tell us about that. elon musk is greatest entrepreneur of this time and doge outlook and their brief from the president and department of government efficiency and we had the grace. we're old enough to remember the administration. the grace commission in 80s. larry: reagan. >> yep. bill clinton and al gore set up a commission on government efficiency: failed. and doge is not going to fail. and they are moving a lot of people's cheese here in the capitol. when you hear this squawking, there's status quo it's not happy. it's going for the treasury and it's the payment system not being touched and gogoing with ability, accuracy and capability and money going where it is and in terms of payments being stopped, that is happening upstream at the department level. larry: all right, well, i just -- essentially you're saying you're cooperating on this government downsizing with elon musk and doge. >> what i'm saying is that at treasury, our motto is to move deliberately

morning man opened the doors of the treasury department to doge being sued treasury secretary scott bessent union groups filing lawsuit saying violating rights to prooifs giving musk access to information saying people must share information with federal government should not be forced, to share information with elon musk or his doge, and federal law says they do not have to, that is democrats, did something they rarely do work on a monday, they have press conferences rallies calling elon musk and his doge team a shadow government that is conducting a hostile takeover of our country no to give doge a chokehold on treasury statements outlandishly dangerous, he like a tiger into a petting zoo hoping for the best. >> we are living a nightmare created by donald trump and elon musk, and we need to wake up. >> doge not outsiders white house saying musk has official title special government employee department of government efficiency is part of the executive branch musk reacting to the democrats out outrage calling it hysterical, explaining why they need he access in first place only way

and i have great respect for the new secretary of the treasury. i think he is a good man. but i worry about what has happened right now. if it was just treasury and these sometimes potential access to classified information, that might be one thing. but, you know, we've had for over 150 years almost the idea that our federal workforce ought to be above politics, called the civil service. i already mentioned the fact that mr. vought wants to treat those workers not with respect, but he really wants to go ahead and just simply say, we want you traumatized. a person shouldn't be -- that person shouldn't be head of omb. more recently we've seen an offer put out to say that the federal workforce, here, you take this offer to quit, we're going to give you eight months of free salary. well, i got a bridge in brooklyn that we'll give you as well if you take that offer. and if you believe either one of those things are true, then you're operating in a different universe than reality. because, first, have you ever seen our president ever pay any of his contractors on time or fully?

the treasury makes $1.5 billion payments a year to taxpayers, businesses, and seniors, everything from social security benefits and tax refunds to medicaid and medicaid. musk now has access to americans' confidential tax refund information which includes their names, social security numbers, and home addresses. that's why i'm headed to treasury this evening to stand up for arizonans' privacy and stand up for our democracy. as a member of the house oversight committee, we're calling out this breach of law, privacy, and national security on behalf of the american people. thank you, and i yield back. the speaker pro tempore: members are reminded to refrain from engaging towards personalities towards the president. for what purpose does the gentleman from south carolina seek recognition? mr. wilson: i ask unanimous consent to address the house for one minute, and revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized for one minute. mr. wilson: thank you, mr. speaker. donald trump has been president only two weeks and he's delivering on his pr

this was the us treasury building today. i told you yesterday there was going to be protests today at the us treasury building at 5:00 in washington, d.c. look at the people who turned out, look how big this was. this is for federal workers. this is democratic officials. this is regular people turning up at the us treasury building today, telling elon musk and his little minions to get out of the treasury payment system, trying to stop this whole assault on the federal government. look at this today. what the trump administration is doing is unpopular and poorly thought out and poorly executed, and getting more so all the time. i mean, tonight trump i guess, is saying he's going to send u.s. troops into occupy the gaza strip to level it and depopulate it of its population, he says. that's going to be a long term u.s. military operation. okay, sure. yeah. the american people definitely voted for sending troops into gaza. is that what this election was about? i think you've got a big trump mandate for that, corporal vance. you

a group of us came together into the treasury department. it almost didn't matter what party you were, and in fact, the previous administration under george bush kept some of his people there. we stayed together. we worked together to address this economic crisis. i was on the auto rescue team with a man named steve ratner. we had an initiative called the troubled asset relief program. and it was sizable dollars of federal money, of taxpayer money to save our economy from true devastation. but no one was poking around in the bureau of fiscal service. no one was seeking to get access to taxpayer data or financial information that has to do with the wires and the complication of those goods. we were standing up for people and making a difference for them. so this taxpayer data protection act, which will push back against these alarming and potentially illegal actions that are taking place, these headlines to the american people are alarming. they are absolutely alarming. the news writes them, but the headline is that musk has your data. that m

the treasury secretary must revoke the access to the treasury payment system at once. if he does not, congress must act immediately. that is why leader jeffries and i will work together on legislation to stop unlawful meddling in the treasury department's payment systems. we must protect people social security payments, medicare payments and tax refunds from any possible tampering by doge or any other unauthorized entities. that is what leader jeffries and i will work to deal. let's be very clear. doge is not a real government agency. it has no authority to make spending decisions. it has no authority to shut programs down or to ignore federal law. doge operating in essence of a shadow government without accountability or transparency or in regard to the rule of law. the american people did not vote to let doge get a hold of people social security numbers. to give doge a chokehold on treasury payments is outlandishly dangerous. it is like letting a tiger into a petting zoo and hoping for the best. it is impossible to overstate that this is playing with fire. the bureau

um, so i think we can expect that we may see someone else in treasury eventually. and just because that person is gone doesn't mean that the changes they made to the code are, i think the biggest thing right now is we don't know what changes are made, and we may not know until something breaks. >> so i want to play some of what treasury secretary scott bessent told bloomberg about doge. >> when you say the doge team, these are treasury employees. there are two treasury employees, one of whom i personally interviewed. in his final round. there is no tinkering with the system. they are on read only. they are looking. they can make no changes. it is an operational program to suggest improvement. elon and i are completely aligned in terms of cutting waste and increasing accountability and transparency for the american people. i believe that this doge program in my adult life is one of the most important audits of government or changes to government structure. we have seen. >> does this characterization square with what you've been hearing? >> well, i think there's a re

musk raided treasury and musk stole your tax data.zen protests, lawmakers have been speaking out, holding events at treasury outside the department of labor today at the epa. and after a few days of this, we are seeing that pressure works. in just the past few hours, the wall street journal reported that marco alcs, a 25 year old doge staffer who was given access to treasury files, the most sensitive payment system in the entire government, resigned after he was connected to racist posts from a now deleted social media account. earlier today, a federal judge limited doge from accessing information at the treasury. norm eisen served as the ethics chief under president barack obama. he's now executive chair of state democracy defenders and defenders fund, a nonpartisan watchdog group that filed that lawsuit to limit the musk team's access to treasury data. and he joins me now. norm, first of all, this seems like a big win and significant. what did the judge order and what was your case? >> chris. >> our case. >> was that. >> elon musk.

it has direct oversight of the secretary of the treasury. it has direct oversight over taxes. it has direct oversight over trade. and what they are going to try to do is pass a tax cut that gives $5 trillion to $8 trillion to the richest 1/10 of 1% of americans. [booing] that's what this is about. and here is the thing. when secretary bessent gave access to elon musk and his cronies, it was not just about data. people say it is about data. it's about control. it's about control. because if you ever file your taxes, they have your bank account number, they have your routing number. and what they can do is take that money out of your account without ever you knowing it. that's what they can do! they can steal your money! what we are going to do is we are going to stop the steel. we're going to stop them from stealing your parent's money, your social security money. we are going to make sure that we push back. because it is all about giving tax cuts of almost $8 trillion to the wealthiest individuals in this country. and it's time that we stop the billionaire establishment from s

the treasury department is one i've looked close at. a couple doge a billion people put in the treasury department. especially government employees there working at the treasury department. that ruling by the court allows them to continue with a read only access they cannot go into code. we will find out if that is legal. there is more efficient better ways to get tech people in an better ways to vie do the systes and so forth. paul: the key line is, is it legal or not? that's what we have to watch out for. the courts stop at the in the trump administration honor those judicial orders? still had donald trump some plans for the middle east will talk to mark about the firestorm on t the to the president's comments on gaza and his proposal to negotiate a newed nuclear deal witich iran. werful. targeted and long-lasting. i recommend salonpas. it's good medicine. ♪ hisamitsu ♪ total beets, america's best-selling beets brand, is available at walmart. total beets blood pressure support soft chews contain a key ingredient clinically shown to de

and democrats introduced a bill in response to elon musk's access to treasury data.hat's later tonight on c-span. >> c-span's "washington journal," our life forum involving you. democratic illinois congressman bradshaw -- democratic illinois congressman brad schneider. live friday morning on c-span, c-span now, our free mobile video app, or online at c-span.org. c-span -- democracy unfiltered. we are funded by these television companies and more, including midco. >> where are you going? or maybe a better question is -- how far do you want to go? and how fast do you want to get there? now we are getting somewhere. so let's go. let's go faster. let's go further. let's go beyond. >> midco supports c-span as a public service along with these other television providers, giving you a front row seat to democracy. >> up next, jamieson greer, president

she said, quote, and she was already confronting speaker johnson about treasury secretary and the treasuryecretary and the stealing of americans private information, tax information that should never be stolen and given to this billionaire. elon musk. gwen moore forced her way in there that i got to go in right behind her. how rude. it's terrible. and the pushback continues to take many forms, including some unexpected ones. today we did get a new lawsuit filed by one of the national labor relations board members who trump illegally fired this past week. it looks like we're about to get another lawsuit filed by somebody else who trump illegally fired from the eeoc. today, another federal judge blocked this sort of wildly, brazenly unconstitutional gambit from trump's first day to declare the 14th amendment to the constitution to be null and void, saying it's no longer true that if you're born here, you're an american. at the end of a court hearing on this matter this morning, this federal judge just ruled right then and there in her maryland courtroom, she said, quote, trump's executive or

treasury yields have not seen. a huge

treasury department. guest: elon musk has been trying to get access to the treasury payment system.re is a very old and complicated system of databases and computer networks that ensure that the government can process tens of billions of transactions a day. these are everything from social security benefit checks to tax returns to the contractor payments, employee payroll. that all the agencies of the federal government will send to the treasury department for processing. it's up to the agencies to determine whether it is a legal payment, and that the appropriations are there for congress to actually pay it, but if you wanted visibility into every single cent coming and going out of the federal government, you would want to do that at treasury. that is where everything happens. so the senior career official who was in charge of those systems resigned suddenly last week. he had been the acting treasury secretary for a short time after trump was inaugurated and before scott bessent came and took the reins. but he is a career treasury department official who understood how all these sy

and so this top treasury employee who had been at the treasury department for years and was there, and the trump administration round one, actually was pushed aside as a result of this. he retired early on friday because he was blocking the access to that. we saw that also play out at usaid this weekend, where officials went in and were demanding access to to the systems there, and initially were people resisted giving it to them because it wasn't totally clear who they were. and then in the end, they ended up gaining access to that. and so that is something here that's happening where there isn't total oversight exactly, of who is doing what. but certainly what is clear is, is elon musk seems to have a pretty big purview here in terms of which agencies he's getting access to and what kind of systems as well, not just him, but also those who are working with him. >> and it seems like this white house strategy is kind of a continuation of, i guess, what they would sort of refer to as the shock and awe approach. >> yeah, i think so. i think trump agrees with a lot of what elon musk is do

late today, three union and advocacy groups sued the treasury department and treasury secretary scott bessent over the decision giving musk and his staffers access to the federal payment system. that's the up until now, nonpartisan arm of the treasury that writes and sends out trillions of dollars a year that the federal government spends on everything from mine safety to medicare. >> i just want to be. >> clear about. >> what's going on here. the system that makes sure that your granddad gets his social security check. the system that makes sure that your mom's doctor gets medicare payment to cover her medical appointment, and the system that makes. >> sure that you get the tax refund that you're owed has been taken over by elon musk. >> well, to the extent that it's a takeover and we'll talk about that. our guest tonight, one thing is clear. it's happening with the new treasury secretary's permission on the president's orders. >> mr. president, why is it important for elon musk to have access to the payment systems at treasury? >> well, he's got access only to letting people go that