Sec. Bessent Reports That $175M in Payments, Returned Before Reaching Deceased Individuals, Nearly $190M in Overseas Fraud Stopped

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BESSENT: “Over the past year, Treasury returned $175 million in payments that would have gone to deceased individuals and expanded, that do not pay access from four to 99 percent of federal programs. Further, we’ve stopped almost $190 million and returned over $100 million in funds to U.S. victims of overseas fraud, ordered an audit of approximately $9 billion in Treasury contracts, and together with our partners at the IRS, proposed stronger eligibility checks for health insurance tax credits.”