Elon Musk has reportedly taken over the Treasury Department’s central payment system, putting him in the position to unilaterally cut off federal funding to disfavored programs and setting off accusations that the U.

The dramatic power play began Friday, continued through the weekend -- and poses extraordinary and unprecedented threats to US security, lawmakers say

Boston College history professor Heather Cox Richardson, who writes the Substack newsletter “ Letters from an American ,” described Elon Musk’s actions over the weekend involving the federal Treasury as a “coup,” and Sen. Elizabeth Warren called on Secretary of the Treasury Scott Bessent for answers.