In its annual improper payments report, the Office of Management and Budget found that federal agencies wasted nearly $785 billion on overpayments in the last five years.
Simply making accurate payments could have saved taxpayers over $175 billion in fiscal 2023 alone, highlighting the significant impact of proper payment management.
Cracking down on waste, fraud, and abuse in federally funded programs offers a politically feasible alternative to budget cuts that affect essential services for millions of Americans.
The U.S. national debt now stands at $34.6 trillion, with interest payments projected to exceed $870 billion in fiscal 2024, necessitating urgent financial reforms.
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