Sean Casten Questions Treasury Secretary on Payment System Access and Personnel
Forbes Breaking NewsJune 7, 20255 min124,282 views
11 connections·14 entities in this video→Treasury Payment System Security Concerns
- 📌 Representative Sean Casten highlighted constituent concerns regarding a hack into the Treasury payment system, which manages over $5 trillion annually.
- ⚠️ Casten noted that a letter with 20 questions sent to the Treasury Department received nonresponsive answers.
Allegations Regarding David Leick
- 📰 Casten questioned Treasury Secretary Bessant about a New York Times report alleging pressure on David Leick, who oversaw the payment system, after he refused access to individuals imposed by Elon Musk.
- ❌ Bessant adamantly denied the New York Times report, stating that Leick was not placed on administrative leave and subsequently resigned.
Role and Experience of Tom Krauss
- ❓ Casten inquired about Tom Krauss, who now oversees the Treasury's payment system, asking if his duties include managing social security payments, overseeing bond auctions, and debt limit adherence.
- 🤷♂️ Bessant stated that Krauss's role is focused on a tech upgrade and ERP, not managing the $5 trillion in distributions.
- 🚫 Krauss reportedly has no prior government service experience, and his experience in the financial sector was with a private equity firm, and he remains CEO of a software company.
Access Granted to Treasury Systems
- 🧐 Casten raised concerns about testimony under oath by Mr. Jolli, stating Mario Alles was given write access to the Treasury payment system, contradicting Bessant's earlier remarks.
- 🔒 Bessant maintained that no one was given write access and he never granted anything other than read-only access.
Sentiments of a Treasury Employee
- 🗣️ Casten asked if Bessant agreed with the sentiments of an employee who reportedly said, "Normalize Indian hate and I just want a eugenic immigration policy."
- 🚫 Bessant stated he did not agree with those sentiments.
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What’s Discussed
Treasury Payment SystemCybersecurityConstituent ConcernsDavid LeickTom KraussElon MuskNew York Times ReportAdministrative LeaveResignationSocial Security PaymentsUS Treasury BondsDebt LimitPrivate EquitySoftware CompanyWrite AccessHate SpeechEugenic Immigration Policy
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