News-News.Zip

News in English (USA) / 15.05.2025 / 22:00

Widespread Fraud Costs U.S. Billions as Experts Urge Action

The U.S. government faces rampant fraud, costing taxpayers hundreds of billions annually, with identity theft being a significant contributor. International crime rings exploit stolen identities, with losses potentially hitting $1 trillion. Despite this growing concern, the Department of Justice (DOGE) is criticized for not taking adequate measures. Experts argue that there are various strategies DOGE could implement to combat this issue effectively. Reports indicate that U.S. identities are being targeted by fraudsters, undermining federal programs and draining taxpayer resources. The conversation around this pressing issue gained momentum in recent interviews, highlighting the urgency for accountability in combating fraud.
NBC News, CBS News, the-independent.com, Newsweek, Cato Institute, Fox News, Money Talks News, SC Media, MSN, Yahoo