There were about $125 billion of this kind of accidental--or improper--spending in the last fiscal year alone.
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The Federal Government spends roughly $3.5 trillion every year. I'm going to repeat that number: $3.5 trillion.
We casually cite dollar figures that are incomprehensible to most people.
I think we are going to have an interesting and informative conversation about these issues today.
About 1 out of every 10 dollars paid out of Medicare was paid in error. That is unacceptable.
Just to put that in context, the government paid more in improper Medicaid payments last year than it spends in a year for the entire Temporary Assistance for Needy Families.
I appreciate what he is doing there and the insight that you have given us today.
I happen to believe we have got the best higher education system in the world here in the United States.
Kevin McCarthy should apologize for this, should retract his statement.
Under the present Territorial status, the Government of Puerto Rico has its hands tied behind its back.
Orderly resolution of debt defaults are preferred to chaotic ones
Puerto Rico needs an orderly process to restructure its unsustainable liabilities;
Could cause long-term damage to the health, safety and financial well-being of the families living and working in Puerto Rico.
I know that Ranking Member Wyden is committed to working with me to update and improve our understanding of this situation.
According to statements from the Puerto Rican Government, the territory's debt of more than $72 billion is 'not payable.'
We've all watched with great interest as the debt situation in Puerto Rico has unfolded.
The last thing Puerto Rican workers need right now is a pay cut.