Trump Hints at Treasury “Irregularities” Discovered by Elon Musk’s Efficiency Team:

President Donald Trump suggested on Sunday that Elon Musk’s government efficiency team may have uncovered irregularities within the U.S. Treasury Department, raising the possibility that some government payments could be disregarded.

Speaking to reporters aboard Air Force One on his way to the Super Bowl, Trump made a cryptic remark about potential issues with U.S. Treasuries but did not clarify whether he was referring to government debt or other payments processed by the Treasury.

“There could be a problem, you’ve been reading about that, with Treasuries,” Trump said. “That could be an interesting problem because it could be that a lot of those things don’t count. Therefore, maybe we have less debt than we thought of.”

Musk’s Treasury Investigation Remains Unclear

Trump did not provide specific details about what Musk and his Department of Government Efficiency had allegedly uncovered. However, Musk’s public statements have primarily focused on government payments to contractors and grant recipients, rather than U.S. bondholders or national debt restructuring.

The White House and the Treasury Department have yet to respond to requests for clarification.

Legal Battle Over Musk’s Access to Treasury Data

Musk’s efficiency team has been seeking access to Treasury Department payment records, but their efforts have hit a legal roadblock.

Last week, a federal judge temporarily blocked Musk’s team from accessing certain Treasury data.
The judge also ordered the destruction of any data already obtained, following a lawsuit from multiple states challenging Musk’s investigation.

Market Reaction: Treasuries Hold Steady

Despite Trump’s suggestions of irregularities, U.S. Treasury futures showed little reaction in early Asian trading on Monday.

10-year Treasury yields are expected to open unchanged at 9 a.m.
Investors are awaiting further clarity on whether Trump’s comments indicate a serious policy shift or a political maneuver.

As of now, financial markets remain stable, but any new revelations from Musk’s team or the Treasury Department could shift investor sentiment in the days ahead.