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Friday, December 5, 2025

DOGE’s moves threaten fragile payments system

As a series of recent books has detailed, successive U.S. administrations this century have shown an unprecedented willingness to use payments systems against foreign adversaries. Now, the Trump administration may be taking certain pages from the playbook domestically.

Why it matters: At stake is the security and trustworthiness of the largest and most important payments system in the world, one that was already fraying around the edges even before President Trump took office.

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