कोशिश गोल्ड - मुक्त
What is Elon Musk getting up to with America's payment system?
Mint Chennai
|February 11, 2025
On the morning of January 28th, April Mullins-Datko, the director of ADVOCAP, a social-services provider in Fond du Lac, a city of 40,000 people in Wisconsin, put in her usual request to draw down $250,000 to pay staff salaries and other expenses connected with Head Start, a federal program that provides child care, education and food to families on low incomes.
-
Every other time ADVOCAP has done this, the money has arrived within 48 hours.
This time it did not. As of February 9th, ADVOCAP has received just $44,000 of the $250,000 they were expecting. To pay their workers, they have had to use bank credit. If the money does not materialize soon, they will have to begin laying off staff and shutting down their Head Start program. The result will be 202 children without services and 80 staff members without jobs.
ADVOCAP appears to be a victim of Donald Trump's seizure of the federal government's payment systems. Its money should not be missing, according to the White House. A memo that froze much government funding, issued late on January 27th, was quickly rescinded after an outcry and a court ruling. Yet ADVOCAP's money has not turned up and nobody seems able to explain why.
Ms. Mullins-Datko says she has been calling anyone she can, but "they're not responding. I've heard nothing from them." She has received only one insight: "I called the Office of Head Start central office in DC and they said, 'Oh, we're sorry. This isn't an Office of Head Start problem. This is a Treasury Department issue.'" Guidance sent to NGOs by the National Head Start Association, which represents service providers, confirms they too have been told that the problem is with the Treasury.
That clue connects ADVOCAP's glitch to a bigger question that has roiled Washington over the past week: Exactly what has Elon Musk's "Department of Government Efficiency", or DOGE, been doing inside the Bureau of the Fiscal Service, a once-obscure but sensitive area of the Treasury? This is the part of the government responsible for paying out roughly 80% of the nearly $7 trillion that the government spends each year.
यह कहानी Mint Chennai के February 11, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 9,500 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Mint Chennai से और कहानियाँ
Mint Chennai
It's Clear That Gamblers Should Pay More Taxes Than Investors
Investing aids the economy but gambling is simply consumption
3 mins
September 15, 2025
Mint Chennai
Finding inspiration in natural light
Nicobar's Simran Lal on how her two workspaces keep her calm, motivated
2 mins
September 15, 2025
Mint Chennai
Yuan versus the dollar: Propose a third option
As China attempts to globalize its legal tender; America guards the supremacy of its own and digital currencies gain traction, India should revive Keynes' idea of a global trade currency
2 mins
September 15, 2025
Mint Chennai
Mercedes Expects Best Festive Season
The recent GST rate cut is likely to make the upcoming festive season the 'best-ever' for the luxury carmaker, but there is a need to cap road taxes levied by states on car purchases for long-term growth of the industry, Mercedes-Benz India managing director and chief executive officer Santosh Iyer said.
1 min
September 15, 2025
Mint Chennai
Indian Market Resilient; Stocks Could Touch New Highs by March
Over the long term, say 7 to 10 years, small and midcaps will be the real winners A. Balasubramanian, managing director and chief executive of Aditya Birla Sun Life AMC
4 mins
September 15, 2025
Mint Chennai
Top Debtor States Seek More From Finance Commission
Greater fiscal relief, revamped criteria for tax revenue sharing, special funds among demands
2 mins
September 15, 2025
Mint Chennai
Insurance law revision likely next session: FM
The Insurance Amendment Bill, which proposes 100% foreign direct investment in the sector, is likely to be introduced in parliament in the winter session, finance minister Nirmala Sitharaman has said.
1 min
September 15, 2025
Mint Chennai
When street dogs, cats bring the office closer
When colleagues work towards a collective goal like looking after community animals, it offers them a sense of purpose
4 mins
September 15, 2025
Mint Chennai
COP-30: Use carbon trading to win climate leadership
An efficient and credible carbon market can give India a chance to lead a global agenda that's fair to everyone
3 mins
September 15, 2025
Mint Chennai
Small stores, bold ambitions: Ikea to ramp up presence
Ikea India plans to add 3-4 small city stores over 10 months, shifting focus from large-format outlets to compact spaces
1 mins
September 15, 2025
Listen
Translate
Change font size