President-elect Donald Trump and Elon Musk talk ring side during the UFC 309 event at Madison Square Garden on Nov. 16, 2024 in New York.
Chris Unger | Ufc | Getty Images
Five former Treasury secretaries warned Monday that recent actions at the Treasury Department by Trump administration officials and Elon Musk‘s DOGE team raise “substantial cause for concern” that the United States’ financial commitments are being “unlawfully” undermined.
“We have during our service in the Treasury Department faced moments of crisis, when the specter of an American default loomed,” the former secretaries wrote in a New York Times op-ed.
“Any hint of the selective suspension of congressionally authorized payments will be a breach of trust and ultimately, a form of default. And our credibility, once lost, will prove difficult to regain,” they wrote.
“No Treasury secretary in his or her first weeks in office should be put in the position where it is…
