Fraud Costs the Federal Government up to $521 Billion a Year

tennesseestar.com— The federal government loses up to $521 billion a year to fraud, according to a first-of-its-kind estimate from a Congressional watchdog. The U.S. Government Accountability Office, which serves as the research arm of Congress, estimated annual fraud losses cost taxpayers between $233 billion and $521 billion annually, according to a new report published Tuesday. The fraud estimate's range represents 3% to 7% of average federal obligations.

www.dcreport.org—Noncompete Clauses Cost Workers $300 Billion a Year. This Week the Federal Trade Commission Votes on Restricting Anti-Market Employer Practice The Federal Trade Commission (FTC) will hold hearings starting Tuesday, April 23, on noncompete clauses. These clauses are part of tens of millions of employment contracts and limit workers’ ability to quit their current employer and find jobs elsewhere. That, in turn, suppresses []

The Globe and Mail—After years of delays and cost overruns, the $34-Billion Trans Mountain pipeline expansion project finally opens. The goal of the Trans Mountain expansion (TMX) is to open up lucrative overseas markets for Canadian oil and remove a price discount that had existed for years because of overreliance on exports to the United States

WKBN.com—Federal Frenzy returns for 10th year. The 10th annual Federal Frenzy event is in full swing.