(The Center Square) – The Biden administration called the government's only estimate of annual fraud losses "not plausible." Now, the Trump administration says fraud costs taxpayers hundreds of billions annually.

The U.S. Government Accountability Office estimated in April 2024 that the federal government loses between $233 billion and $521 billion annually to fraud. It was the first and only government-wide estimate of its kind, representing 3% to 7% of average federal obligations.

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