A major labor union has taken legal action against the U.S. Treasury, claiming it unlawfully granted Elon Musk’s Department of Government Efficiency (DOGE) access to vast amounts of personal and financial data.
The AFL-CIO, the country’s largest union group, filed the lawsuit against Treasury Secretary Scott Bessent in a Washington, D.C., federal court, arguing that the agency’s actions violate federal privacy laws.
The lawsuit alleges that millions of Americans’ sensitive information—including Social Security numbers, bank details, and home addresses—has been exposed to Musk’s oversight.
The controversy stems from the Biden administration’s decision to entrust Musk with overseeing federal cost-cutting efforts through DOGE, a move that has drawn criticism from top Democrats.
Senator Ron Wyden highlighted the issue in a recent social media post, claiming Bessent had granted DOGE full access to the Treasury’s payments system.
Senate Majority Leader Chuck Schumer and Senator Elizabeth Warren have also condemned the move, with Schumer pledging to introduce legislation to curb Musk’s influence over Treasury operations.
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Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.
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