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Odd Lots: The US Payment System Musk Now Has Access To (Podcast)
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How critical of a role does it play in the operations of government, and potentially, financial markets? He explains both the technical aspect of this office, as well as the legal questions surrounding impoundment and the ability of the executive branch to cut off payments that have been previously authorized by Congress. We also talk about the operational risks and the potential disaster scenario should this system — which has been built in COBOL over decades — were to go down.
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