Mediaite - Five former Treasury Secretaries issued a stark warning calling out President Donald Trump’s latest moves at the Treasury as a direct threat to American democracy’s financial backbone in a show of rising alarm. The letter, published in The New York Times, unites Robert E. Rubin, Lawrence H. Summers, Timothy F. Geithner, Jacob J. Lew, and Janet L. Yellen—all veterans of Democratic administrations—in condemning what they describe as “arbitrary and capricious political control of federal payments.”
“While significant data privacy, cybersecurity and national security threats are gravely concerning, the constitutional issues are perhaps even more alarming,” they wrote.
At the heart of their concern is billionaire Elon Musk, who, according to recent reports, has gained access to the Treasury’s federal payments system. That system, responsible for distributing over $6 trillion annually on behalf of federal agencies, contains sensitive personal data for millions of Americans. More
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