Nathan Tankus
speaker
348 appearances
2 recordings
1 series
first heard Feb 2025
last heard 17 Jul
Nathan Tankus’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
There is one of these sprawling systems, is a do-not-pay system where there is a list of do-not pay that these files get.
push through before the payments actually get put out.
And, you know, the the Bureau of the Fiscal Service also has legislative proposals.
Their last, you know, fiscal year 2024 report has seven legislative proposals.
Five of them are about reducing improper payments, including giving them greater authority to require better internal controls from other administrative agencies.
So these are known problems
The main barrier has been Congress has not budgeted enough and authorized enough to do this.
And notably a lot of this needs legislation to do, both on, you know, internal legal things within the federal government and also in terms of privacy protections for people, of doing responsible changes that and make sure they're still privacy respected.
No, there is no rule book or game plan.
If this system goes down, then the payments don't go out that day.
And if they break this system in a w in in a way that takes months to fix, that we have no rule book to for this.
Now, ironically, the memos that I've gotten through FOIA about what the Federal Reserve's game plan in case of Treasury default.
that ceiling kind of makes the situation a little bit less stubble in the panic 'cause you could like, you know, who's caring about legalities at this point anyway with this, you know.
basically decided to do anything.
So you maybe like create an SPV for each administrative agency, lend to it with, you know, 13.3 authority, and then try to work out payments, but you still have to figure out who to pay and where.
Yes.
So um and this is what I was call covering Friday morning with my my my fur I mean, that's how also how you know things are really bad is when there had been three Notes in the Crisis pieces in three days in three business days.
But the core
issue is is as you said
the foundational constitutional principle is that Congress has control of the power of the purse.
Showing 301–320 of 348 · page 16 of 18
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