US govt payment system's inefficiency led to $100-bn fraud: Musk

Tesla CEO Elon Musk raised concerns about the US government's payment systems. Taking to X, he said that the payment system's inefficiency is potentially leading to "fraud worth over $100 billion every year". "This is utterly insane and must be addressed immediately," he said. In another post, Musk said, "The magnitude of...fraud in government payments...is MUCH higher than you think!"