Prøve GULL - Gratis

Five former US Treasury secretaries: Our democracy is under siege

The Straits Times

|

February 12, 2025

Former secretaries express alarm at risks posed by Doge's meddling with federal payments.

- Robert E. Rubin, Lawrence H. Summers, Timothy F.Geithner, Jacob J. Lew and Janet L. Yellen

When we had the honour of being sworn in as the 70th, 71st, 75th, 76th and 78th secretaries of the Treasury, we took an oath to support and defend the United States Constitution.

Our roles were multifaceted. We sought to develop sound policy to advance the president's agenda and represent the economic interests of the United States on the world stage. But in doing that, we recognised that our most fundamental responsibility was the faithful execution of the laws and Constitution of the United States.

We were fortunate that during our tenures in office, no effort was made to unlawfully undermine the nation's financial commitments. Regrettably, recent reporting gives substantial cause for concern that such efforts are under way today.

The nation's payment system has historically been operated by a very small group of non-partisan career civil servants.

In recent days, that norm has been upended, and the roles of these non-partisan officials have been compromised by political actors from the so-called Department of Government Efficiency, or Doge. One has been appointed fiscal assistant secretary a post that for the prior eight decades had been reserved exclusively for civil servants to ensure impartiality and public confidence in the handling and payment of federal funds.

These political actors have not been subject to the same rigorous ethics rules as civil servants, and one has explicitly retained his role in a private company, creating at best the appearance of financial conflicts of interest.

They lack training and experience to handle private, personal data like Social Security numbers and bank account information.

FLERE HISTORIER FRA The Straits Times

The Straits Times

The Straits Times

RAMEN REVIVAL

Slurp up regional flavours from Japan and local hawker renditions

time to read

10 mins

November 02, 2025

The Straits Times

The Straits Times

MIDDLE EASTERN MELTING POT

New eateries are putting their own spin on the cuisine, while established players keep pace with updated menus

time to read

11 mins

November 02, 2025

The Straits Times

The Straits Times

From a super-saver to embracing 'die with zero'

After a lifetime of saving for the future, I recently opened up to the idea that maybe one should use up one's wealth before one dies.

time to read

6 mins

November 02, 2025

The Straits Times

The Straits Times

MASTEROFMYUNIVERSE TO RULE

RACE 1 (1,200M) 4 Run Run Timing made a strong first impression for the Ricky Yiu stable, finishing a close second on his Class 5 debut and showing he is ready to win again. He draws wider in barrier 9 this time, but that effort confirmed he was heading the right way.

time to read

6 mins

November 02, 2025

The Straits Times

The Straits Times

KEEPING CALM THE 'BIGGEST LESSON'

Sabalenka aims to keep her emotions in check in bid for first WTA Finals crown

time to read

2 mins

November 02, 2025

The Straits Times

The Straits Times

New work by late M'sian poet

Two young editors have worked to posthumously publish In The Mirror: New And Selected Poems Of Wong Phui Nam

time to read

3 mins

November 02, 2025

The Straits Times

The Straits Times

WILL POGACAR BECOME CYCLING'S G.O.A.T?

In this series, The Straits Times takes a deep dive into the hottest sports topic or debate of the hour. From Lamine Yamal's status as the next big thing to pickleball's growth, we'll ask The Big Question to set you thinking, and talking.

time to read

5 mins

November 02, 2025

The Straits Times

The Straits Times

Sentosa Cove property prices buck mainland uptrend as loss-making deals rise

In July, a condominium unit at Marina Collection in Sentosa Cove was resold for $4.95 million, over 40 per cent below the price paid in 2008.

time to read

4 mins

November 02, 2025

The Straits Times

The Straits Times

More HDB flat owners switching to bank loans as rates drop to 3-year low

Owners spoilt for choice as banks compete to offer attractive refinancing options

time to read

4 mins

November 02, 2025

The Straits Times

The Straits Times

Beauty products and fried chicken: Korean culture meets diplomacy at summit

World leaders and business titans gathered in South Korea this week to hash out issues from tariffs and AI to regional security.

time to read

2 mins

November 02, 2025

Listen

Translate

Share

-
+

Change font size