In a Fox News interview on Tuesday, newly-appointed US Treasury Secretary Scott Bessent defended his president Donald Trump’s decision to allow Elon Musk’s Department of Government Efficiency (DOGE) look through Treasury data in its mission to cut federal spending and save the US economy.

The United States Bullion Depository at Fort Knox has stored precious metal bullion reserves for the United States since 1937.

The Kentucky installation holds 147.3 million ounces of gold — more than half of the Treasury Department’s reserves, officials say.

Donald Trump and Elon Musk are unsure if there is still gold at the famed US repository. The Treasury Department says it is checked every year.

Trump's treasury secretary says the gold is in the vault at Fort Knox. Musk's planned visit looks like an attempt to hype his social media platform.

Treasury Secretary Scott Bessent says Democrats raising red flags around DOGE are "worried that they're part of the waste, fraud and abuse."

The treasury secretary added that DOGE's efforts could eventually lead to “several percent of GDP that we are saving.”

WASHINGTON (AP) — President Donald Trump said Elon Musk would be checking out Fort Knox to make sure the gold is still there. While flying back to Washington aboard Air Force One on Wednesday night, a reporter asked President Donald Trump whether Elon Musk would pursue budget cuts at the Pentagon.

Connecticut Attorney General William Tong said tech billionaire Elon Musk’s actions through the Department of Government Efficiency (DOGE) are in “utter violation” of the Constitution and its

Despite assurances made last week by Treasury Secretary Scott Bessent that all of the U.S. gold reserves kept at Fort Knox are “present and accounted for,” President Trump continues to insist that he and Elon Musk will soon travel to Kentucky to make sure the gold bars haven’t been stolen.

Trump said Musk would be looking at Fort Knox, the legendary depository for American gold reserves in Kentucky. Why? “To make sure the gold is there," Trump said.

Sen. Rand Paul, R-Ky., on Sunday urged Department of Government Efficiency (DOGE) head Elon Musk to probe the base to ensure the country’s gold reserves are still there. He claimed the roughly 147.3 million troy ounces of gold stored within the base is not reviewed annually.