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Federal welfare spending is a fraud magnet — and taxpayers are paying the price

February 11, 2026 at 10:00 AM
By Fox News
Federal welfare spending is a fraud magnet — and taxpayers are paying the price

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Treasury Secretary Scott Bessent estimates up to 10 percent of federal spending gets stolen through fraud. Congress faces calls to transfer welfare funding to states.

Analysis & Context

Treasury Secretary Scott Bessent estimates up to 10 percent of federal spending gets stolen through fraud. Congress faces calls to transfer welfare funding to states. Federal welfare spending is a fraud magnet — and taxpayers are paying the price. Stay informed with the latest developments and expert analysis on this important story.

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Treasury Secretary Scott Bessent estimates up to 10 percent of federal spending gets stolen through fraud. Congress faces calls to transfer welfare funding to states.

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