Bloomberg Tax: Warren Demands Watchdog Probe of Musk Team's Treasury Access

Democrats led by Senate Banking Committee ranking member Elizabeth Warren (D-Mass.) called on Treasury and IRS watchdogs to probe federal payment system access granted to tech billionaire Elon Musk or his surrogates.

Treasury has faced the ire of Democrats in both the House and Senate, and face lawsuits accusing the agency and newly confirmed Secretary Scott Bessent of breaking federal laws by providing access. Conflicting responses from Treasury and President Donald Trump about what happened is leading to more confusion. "

Senators Warren, Wyden, and Reed each wrote to Secretary Bessent days ago seeking information about the facts underlying these disturbing reports. The Department of the Treasury's (Department) response raised more questions than it answered," Warren wrote in the letter.

Bessent told Bloomberg News Thursday that Musk's team had read-only access to federal payment data and denied any "tinkering."

Democrats in the House raised alarms this week that access could mean Musk and his team improperly reviewed confidential taxpayer information.

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