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Dozens of federal programs – including several affecting financial services – are vulnerable to waste, fraud and abuse because of poor oversight by agencies or neglect from Congress, the Government Accountability Office said in an annual report this month.

“Tens of billions of dollars in additional benefits and ­substantial improvements to the health, well-being and security of the nation would be achieved by fully addressing high-risk issues,” the GAO said in its annual report on “high-risk” federal programs. To qualify for the list, at least $1 billion must be in jeopardy.

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David Baumann


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