According to COINOTAG News on February 9th, sources indicate that Elon Musk plans to send a specialized team dubbed DOGE (Department of Government Efficiency) to Parkersburg, West Virginia next week. This initiative will grant them read-only access to the U.S. Central Accounting Reporting System (CARS), a pivotal database managing sensitive financial information pertaining to numerous federal agencies. Accessing CARS will enable Musk’s team to examine essential financial datasets that are critical for compiling the U.S. balance sheet as well as facilitating bank information processing for various government entities and Federal Reserve banks. Notably, CARS operates independently from the Treasury Department’s payment systems, which Musk’s team had accessed previously.
This development follows a recent lawsuit initiated by a union and retiree group seeking to limit Musk’s cost-reduction team’s access to the Treasury Department’s financial systems. A federal judge has already imposed restrictions on their access earlier this week. Musk, via his social media platform X, announced that he canceled billions of dollars in contracts and appropriations. However, Treasury officials have countered his claims, asserting that he lacks the authority to execute such power over their payment systems.