GAO Says US Improperly Paid Out $125B In 2010

Law360, New York (April 15, 2011, 2:01 PM EDT) -- More than 70 programs at 20 federal agencies handed out $125.4 billion in improper payments during the last fiscal year, despite legislative efforts to improve transparency and reduce payment mistakes, according to a report released Friday.

The sum of improper payments has grown since fiscal year 2009, the U.S. Government Accountability Office found, increasing $16.2 billion from $109.2 billion to $125.4 billion in FY 2010. In total, the payments account for approximately 5.5 percent of the $2.3 trillion spent by reporting programs in FY 2010....
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