Part 1/8:

The Problem of Waste, Fraud, and Abuse in Government Spending

In the ongoing conversation about government efficiency, Chris Cuomo addresses a significant concern: the widespread occurrence of waste, fraud, and abuse in public spending, which has captured the attention of both citizens and policymakers alike. Despite persistent calls for reduced inefficiencies, Cuomo argues that politicians often fail to deliver impactful change.

Cuomo points out that reports estimate waste, fraud, and abuse (WFA) in government spending ranges from $100 billion to $500 billion annually, with some suggesting that 5% of all federal funding is misallocated. The Office of Management and Budget (OMB) recently confirmed that improper payments totaled around $247 billion in 2022 due to errors and duplications.