And the Trump administration recently announced it is creating a new position in the Department of Justice focused on investigating instances of fraud across the country. Because unfortunately, Mr. President, cases of waste, fraud and abuse are not confined to one state. The Government Accountability Office estimates that as much as $500 billion in federal funds is lost each year to fraud. Not an inconsequential sum, Mr. President. And every one of those dollars is a dollar that isn't going to an American in need, Mr. President. (01:46–01:55)
CLAIM
Asserts that $500 billion in federal funds is lost annually to fraud, according to the Government Accountability Office.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
