Musk Takes Control of US Treasury Payments Systems

Tesla and SpaceX CEO Elon Musk arrives to the inauguration of US President-elect Donald Trump in the Rotunda of the US Capitol on January 20, 2025 in Washington, DC. (Reuters)
Tesla and SpaceX CEO Elon Musk arrives to the inauguration of US President-elect Donald Trump in the Rotunda of the US Capitol on January 20, 2025 in Washington, DC. (Reuters)
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Musk Takes Control of US Treasury Payments Systems

Tesla and SpaceX CEO Elon Musk arrives to the inauguration of US President-elect Donald Trump in the Rotunda of the US Capitol on January 20, 2025 in Washington, DC. (Reuters)
Tesla and SpaceX CEO Elon Musk arrives to the inauguration of US President-elect Donald Trump in the Rotunda of the US Capitol on January 20, 2025 in Washington, DC. (Reuters)

Elon Musk's aides have taken control of the US Treasury Department's payments system -- which manages trillions of dollars of transactions each year -- sparking alarm among critics.

Musk, the world's richest person, is leading President Donald Trump's federal cost-cutting efforts under the so-called "Department of Government Efficiency" (DOGE).

"The corruption and waste is being rooted out in real-time," Musk posted Sunday on X, the platform he owns.

Later, replying to a post outlining alleged payments to Lutheran charities, Musk said DOGE was "rapidly shutting down these illegal payments."

The Treasury's closely guarded payments system handles the money flow of the US government, including $6 trillion annually for Social Security, Medicare, federal salaries, and other critical payments.

Musk's control of the payments system was approved by incoming Treasury Secretary Scott Bessent and was made possible when a career official was put on administrative leave on Friday after refusing to hand over access, The Washington Post first reported.

The official subsequently retired from the department, a source close to the matter told AFP.

Trump on Sunday praised Musk as "a big cost-cutter."

"Sometimes we won't agree with it and we'll not go where he wants to go. But I think he's doing a great job," he added.

News outlet Wired was first to report that Musk has placed young surrogates working for DOGE into key government positions, with his team gaining unprecedented access to the payment systems typically restricted to career employees.

The staff, reportedly aged between 19 and 24, were also placed at the federal Office of Personnel Management, the HR department for public workers that sent out an email last week offering most employees a chance to leave the government on immediate notice with about nine months' pay.

Democratic lawmakers have expressed deep concerns about political operators having access to the US government's money flow, pointing to possible systemic risks to the economy.

Elizabeth Warren, the top Democrat on the Senate Banking Committee, blasted the move in a letter to Bessent as "extraordinarily dangerous."

"I am alarmed that as one of your first acts as secretary, you appear to have handed over a highly sensitive system responsible for millions of Americans' private data -- and a key function of government -- to an unelected billionaire and an unknown number of his unqualified flunkies," wrote Warren.

She also said that sidelining experienced staff in this crucial corner of government "puts the country at greater risk of defaulting on our debt, which could trigger a global financial crisis."

On X, Musk predicted "Excitement guaranteed" in response to a post that said DOGE would uncover an "unprecedented amount of fraud and corruption in numerous government departments."



China Urges US to Handle Taiwan Issue ‘with Utmost Caution’

 US Secretary of State Marco Rubio (L) shakes hands with China's Foreign Minister Wang Yi in Munich, on February 12, 2026. (AFP/Getty Images)
US Secretary of State Marco Rubio (L) shakes hands with China's Foreign Minister Wang Yi in Munich, on February 12, 2026. (AFP/Getty Images)
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China Urges US to Handle Taiwan Issue ‘with Utmost Caution’

 US Secretary of State Marco Rubio (L) shakes hands with China's Foreign Minister Wang Yi in Munich, on February 12, 2026. (AFP/Getty Images)
US Secretary of State Marco Rubio (L) shakes hands with China's Foreign Minister Wang Yi in Munich, on February 12, 2026. (AFP/Getty Images)

Chinese Foreign Minister Wang Yi urged the US to handle matters related to Taiwan with "the utmost caution", during a phone call with US Secretary of State Marco Rubio on Tuesday, Wang's ministry said on Wednesday.

"A slight move on the Taiwan issue could affect the whole situation," Wang said, adding that ‌China and ‌the US should work to manage ‌all ⁠kinds of risks, ⁠according to an official Chinese summary of the phone conversation.

The US State Department did not immediately respond to a Reuters request for comment.

The call followed a mid-May summit between Chinese President Xi ⁠Jinping and US President Donald ‌Trump in Beijing, ‌where Xi told Trump that mishandling the countries' ‌disagreements over Taiwan could push China-US relations ‌into an "extremely dangerous place".

Beijing claims the democratically governed island as its own territory and refuses to rule out military force to gain ‌control of it. Taipei rejects Beijing's claims, and the United States ⁠is bound ⁠by law to provide Taipei with the means to defend itself.

Wang said the US and China should work to build a "constructive, strategically stable relationship".

"Both sides should eliminate disruptions, overcome obstacles, and continue firmly along this correct direction," Wang said.

The Chinese foreign ministry said Wang and Rubio agreed to "continue maintaining communication in a flexible manner".


‘Thought They’d Never Be Caught’: The Strike That Killed Iran’s Ali Khamenei

An Iranian man rides a motorbike past a large-scale poster of late Iranian Supreme Leader Ali Khamenei displayed along a highway, in Tehran, Iran, 01 July 2026. (Reuters)
An Iranian man rides a motorbike past a large-scale poster of late Iranian Supreme Leader Ali Khamenei displayed along a highway, in Tehran, Iran, 01 July 2026. (Reuters)
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‘Thought They’d Never Be Caught’: The Strike That Killed Iran’s Ali Khamenei

An Iranian man rides a motorbike past a large-scale poster of late Iranian Supreme Leader Ali Khamenei displayed along a highway, in Tehran, Iran, 01 July 2026. (Reuters)
An Iranian man rides a motorbike past a large-scale poster of late Iranian Supreme Leader Ali Khamenei displayed along a highway, in Tehran, Iran, 01 July 2026. (Reuters)

On Saturday, February 28, Tehran residents were embarking on the working week during the Islamic holy month of Ramadan, nervously anticipating celebrations for the Iranian New Year against the background of diplomatic efforts to stave off war with the US and Israel.

That morning, there was also activity around and inside the main government complex in Tehran just off Pasteur Street in the heart of the capital, which housed the residence and offices of then supreme leader Ali Khamenei.

The morning rush was rocked as several explosions shook the area, with smoke seen rising from around the government complex, known locally as the beit-e rahbari (house of the leader).

"The State of Israel has launched a preemptive strike against Iran," the Israeli defense ministry announced.

For hours, uncertainty surrounded the fate of the man aged 86 who had ruled Iran for more than three and a half decades and had maintained a position of zero compromise with the United States as well as crushing dissent.

"Khamenei, one of the most evil people in History, is dead," US President Donald Trump wrote that night on Truth Social, saying he "was unable to avoid our Intelligence and Highly Sophisticated Tracking Systems".

Iranian officials initially insisted that Khamenei had survived. But on the morning of March 1 a state television announcer, his voice breaking with emotion, declared that the leader had been martyred during the holy month of Ramadan.

- 'Path of sacrifice' -

The New York Times subsequently reported that the CIA had been tracking Khamenei for months and had learned that a meeting of top Iranian officials would take place that Saturday morning at the leadership compound, with the leader present.

The intelligence was passed to Israel and, two hours and five minutes after the Israeli jets took off, at around 9:40 am Tehran time, the long-range missiles struck the compound, it said.

The attack took place in broad daylight, which is highly unusual for such a strike.

"They thought they would never be caught, because we never bomb during breakfast. But we bombed," Trump said during the G7 summit in France last month.

Khamenei was not the only top official killed, with a whole echelon of senior figures wiped out including Revolutionary Guards chief Mohammad Pakpour, Khamenei's military advisor Ali Shamkhani and defense minister Aziz Nasirzadeh.

His family was also not spared with a daughter, daughter-in-law, son-in-law and infant granddaughter also killed.

While his son Mojtaba Khamenei, a key figure for years in his father's office, lost his wife Zahra Haddad-Adel, he survived albeit with wounds according to Iranian officials. One week later he was named the new supreme leader but has yet to be seen in public.

Ali Khamenei had always taken major security precautions. He never left Iran as supreme leader and his speeches were rarely carried live on television or announced in advance. During Israel's 12-day war against Iran in June 2025, he had reportedly retreated to a bunker.

But in an apparent act of defiance, he had never disappeared totally from public view and on February 17 gave his final public speech in the northern city of Tabriz, saying the US wanted to "devour" Iran.

He urged people to stay calm and go about their business "without any worries".

Observers were startled that, given the risks, Ali Khamenei was present in the very center of Tehran on February 28 rather than in hiding elsewhere in the vast country.

- 'You wouldn't believe' -

But the attack also further revealed the startling US and Israeli intelligence penetration of Iran, a strategic weakness exposed in the 2025 war when Israel killed a succession of key figures in targeted strikes.

According to the Financial Times, road-surveillance cameras in Tehran including around the leadership compound had been hacked years ago by Israel, enabling the identification of guards, their routines and movements.

Trump said at the G7 that satellite surveillance meant that "if somebody walks in and he has got a badge with his name on it... they can tell the name, they can give you the serial number".

"We can see things, you wouldn't believe the quality of the stuff that we have. That's why we have been so successful."


France Sets Presidential Election Dates

File photo: A person casts their vote at a polling station in the Magenta district during the first round of France's crunch legislative elections in Noumea in the first constituency of the French Pacific territory of New Caledonia, on June 30, 2024. (AFP)
File photo: A person casts their vote at a polling station in the Magenta district during the first round of France's crunch legislative elections in Noumea in the first constituency of the French Pacific territory of New Caledonia, on June 30, 2024. (AFP)
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France Sets Presidential Election Dates

File photo: A person casts their vote at a polling station in the Magenta district during the first round of France's crunch legislative elections in Noumea in the first constituency of the French Pacific territory of New Caledonia, on June 30, 2024. (AFP)
File photo: A person casts their vote at a polling station in the Magenta district during the first round of France's crunch legislative elections in Noumea in the first constituency of the French Pacific territory of New Caledonia, on June 30, 2024. (AFP)

France will hold the first round of its next presidential election on April 18, 2027, with a run-off set ‌for May ‌2, the ‌government ⁠spokeswoman, Maud Bregeon, said ⁠on Wednesday following a cabinet meeting to officially approve the dates.

The race to ‌succeed ‌President Emmanuel Macron — ‌who cannot run ‌again after two terms — is shaping up as a ‌fragmented contest, with polls placing the ⁠far-right ⁠National Rally in a leading position, and a crowded field raising the prospect of a run-off dominated by political extremes, Reuters said.