A coalition of Republican lawmakers wants to investigate how much federal funding goes to abortion providers including Planned Parenthood.
Sen. Marsha Blackburn, House Pro-Life Caucus Co-Chair Rep. Chris Smith, Rep. Robert Aderholt, and Rep. Claudia Tenney led a bicameral letter to the U.S. Government Accountability Office requesting a report on federal funding for abortion providers between fiscal year 2022 and 2024.
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Based on data from a U.S. Treasury report, the federal government has amassed $142 trillion in debts, liabilities, and unfunded obligations. This staggering figure equals 93% of all the wealth Americans have accumulated since the nation’s founding, estimated by the Federal Reserve to be $152 trillion.
Unlike other measures of federal red ink that cover an arbitrary period, extend into the infinite future, or ignore government resources, the figure of $142 trillion applies strictly to Americans who are alive right now and includes the government’s commercial assets. Thus, it quantifies the financial burden that today’s Americans are leaving to their children and future generations.
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The federal government reported $236 billion in improper payments in fiscal year 2023, with the vast majority coming from overpayments, according to a new watchdog report.
A U.S. Government Accountability Office report found 74% of improper payments – payments that shouldn’t have been made or were made in the wrong amount – were overpayments. Overpayments accounted for $175.1 billion of the total amount of improper payments in 2023. Overpayments are payments “in excess of what is due, and for which the excess amount, in theory, should or could be recovered,” according to the report.
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Congress has spent more money on interest so far this year than it has spent on both national defense and Medicare.
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The federal government loses up to $521 billion a year to fraud, according to a first-of-its-kind estimate from a Congressional watchdog.Â
The U.S. Government Accountability Office, which serves as the research arm of Congress, estimated annual fraud losses cost taxpayers between $233 billion and $521 billion annually, according to a new report published Tuesday. The fraud estimate’s range represents 3% to 7% of average federal obligations.Â
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Taxpayers provide it $1 billion annually, and for seven years running, AmeriCorps has failed to get a clean audit. A North Carolina congresswoman says that’s enough.
Identifying fraud risks, assessing inherent fraud risks, setting risk tolerance and consideration of existing controls were all cited in a scathing report of the Corporation for National and Community Service – aka AmeriCorps – from the U.S. Government Accountability Office.
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