Five former Treasury secretaries warned that Trump administration officials and Elon Musk's team of governors recently took action at the Treasury on Monday, raising “worrying substantive reasons” , that is, the financial commitments of the United States are "illegal".

"We are facing a moment of crisis during the service of the U.S. Treasury Department, when the ghost of the default is imminent," the former secretary wrote in a New York Times column.

"Any hint of a selective moratorium on payments authorized by Congress will be a breach of trust and ultimately a form of default. Once the credibility is lost, our credibility will be difficult to regain."

“In the first few weeks of his or her tenure, no Finance Minister should be placed where it is necessary to assure the state and the integrity of our payment system or that we commit to good commitments to our financial obligations.”

But Kevin Hassett, President Donald Trump's top economic adviser, dismissed the former secretary's concerns in an interview with CNBC's "Squawk Box."

"It was unacceptable to find the controls on the last (Biden) administration spending. They didn't know where the money went," he said.

Hassett also said Musk, in his words, Musk's "Puppycock" in the Treasury Ministry was "poppycock".

"Elon Musk is in the office next to me," Hassett said. "He has no control."

The former secretary of the writing is Robert Rubin, Lawrence Summers, Timothy Geithner, Jacob Lew and Janet Yeh Janet Yellen, they all serve under the Democratic president: Bill Clinton, Barack Obama and Joe Biden.

The duel narrative is due to escalation in the legal struggle to enter the highly sensitive payment system of the Treasury Department, which members of the Musk government efficiency group have sought and received awards.

Just as other elements of the Trump administration turn to cut federal spending and total employee counts, the payment spending system of the government operated by the Treasury Department’s fiscal service department caught their attention.

They reported in The Times last week that the U.S. Treasury Chief of Staff initially pushed members of Musk’s Governor’s team, Tom Krause, to gain access to the closely held payment system, so that the Treasury can freeze spending to the box office. American International Development Agency. ”

The newspaper noted that the emails seen by The Times “weaked the treasury interpretation”, saying that Klaus and other members of Musk’s team were granted access to the payment system that paid more than $5 trillion in federalism funds.

According to the Times, the Treasury Department said Klaus and his team were “in an ‘operational efficiency assessment’ which did not involve blocking agency payments.”

The former secretary said in his column that the channel “subverted” the long-term practice of a payment system operated by “a small number of nonpartisan professional civil servants.”

"The role of these nonpartisan officials is damaged by political actors in the so-called government efficiency sector," the expert said.

"We have taken an extraordinary step because we are shocked by the risks of arbitrary and capricious political control of federal payments, which is illegal and corrosive to our democracy," the former secretary wrote.

Hassett, who leads the National Economic Commission, firmly opposed the expert premise and claimed compensation on Monday.

"Can we talk about fiscal trust first?" Hassett asked the host of the "Squawk Box". “There are a lot of wrong information in it.”

Hassett continued: “Let us make it clear that Finance Minister Scott Bessent is in charge of the Treasury.”

"It was found that the previous controls on management spending (Biden) were unacceptable," Hassett said.

"They send money without knowing where the money goes. They send money without marking, you know, 'Is this for it?' They don't check before sending the money out, whether the funding is allocated or not." Hassett said. “When we went in, we found a lot of things that shouldn’t be sent.”

“There is a lot of work to be clear about this,” Hassett said.

"The idea is that there is a puppet master telling the finance minister what to do, so all the finance secretary need to be shocked, it's just left-wing media, you know, Poppycock."

"Why are we doing fake things for what Elon is doing, because we are trying to see where the money goes," Hassett said.

“And I think it might end up being that we’re going to find a lot of money going to bad places.”