Scott Bessent: 10% of US Budget Stolen Annually

The U.S. government wastes hundreds of billions of dollars annually, says Treasury Secretary Scott Bessent. In an interview with journalist Christopher Rufo that premiered Sunday, Bessent said federal "waste, fraud, and abuse" totals $300 billion to $600 billion a year.

Original Source:

https://www.newsmax.com/finance/economy/treasury-bessent-billions/2026/01/12/id/1241812