"I can tell the American...all the gold is there,” Treasury chief Scott Bessent said, pushing back at Trump and Musk's skepticism.
The United States Bullion Depository at Fort Knox has stored precious metal bullion reserves for the United States since 1937.
A U.S. judge clarified on Tuesday that an order restricting billionaire Elon Musk's government cost-cutting effort from accessing the Treasury Department's payment systems does not apply to Treasury Secretary Scott Bessent.
The Kentucky installation holds 147.3 million ounces of gold — more than half of the Treasury Department’s reserves, officials say.
Fourteen states led by New Mexico sued the Department of Government Efficiency, or DOGE, on Thursday challenging the alleged “unlawful delegation of executive power to Elon Musk” they say has unraveled federal agencies and “caused widespread disruption”—as criticism of Elon Musk’s increasingly powerful agency builds.
FBI Director Kash Patel and Director of National Intelligence Tulsi Gabbard, both Trump allies, instructed workers to ignore Musk’s request.
A U.S. judge exempted Treasury Secretary Scott Bessent from restrictions on Elon Musk's cost-cutting plan after a temporary block on the government's payment systems. The order triggered protests from Trump supporters.
WASHINGTON (AP) — President Donald Trump said Elon Musk would be checking out Fort Knox to make sure the gold is still there. While flying back to Washington aboard Air Force One on Wednesday night, a reporter asked President Donald Trump whether Elon Musk would pursue budget cuts at the Pentagon.
The Associated Press on MSN9d
Treasury watchdog begins audit of Musk DOGE team’s access to the US government’s payment systemclaps as Tesla and SpaceX CEO Elon Musk prepares to depart after speaking at a campaign event at the Butler Farm Show, on Oct. 5, 2024, in Butler, Pa. (AP Photo/Alex Brandon, File) Secretary of Treasury Scott Bessent arrives before President Donald Trump ...
Connecticut Attorney General William Tong said tech billionaire Elon Musk’s actions through the Department of Government Efficiency (DOGE) are in “utter violation” of the Constitution and its
U.S. Treasury Secretary Scott Bessent said postwar Ukraine would benefit greatly from a rear earths minerals deal while better ensuring lasting peace with Russia.
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