Newsquawk Logo

US Treasury Secretary Bessent says welfare fraud dollars may be bigger in other states; as much as USD 600bln may disappear in government fraud each year

The comments from Treasury Secretary Bessent regarding potential welfare fraud emphasize a significant systemic issue that could erode confidence in government spending and fiscal integrity.

Newsquawk StaffPublished On the live feed at — 9 more headlines followed before this page went public
Newsquawk headlinesUTC

UK Spokeswoman says PM Starmer and US President Trump held a phone call this afternoon, discussed Euro-Atlantic security and agreed on the need to deter an increasingly aggressive Russia in the High North

US Treasury Secretary Bessent says interest rates remain well above neutral and policy should not be restrictive; models suggest 2.5% to 3.25% for the FFR

US Treasury Secretary Bessent says welfare fraud dollars may be bigger in other states; as much as USD 600bln may disappear in government fraud each year

NY AG James demands answers from Instacart (CART) about algorithmic pricing

Foreign embassies in Venezuela begin arranging visits next week for American, European oil companies, according to Reuters citing sources

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free
Free. No signup, no card.
Context

This revelation, if it translates into broader concerns about public sector mismanagement, may impact currency valuations, particularly the USD, as traders reassess the government's fiscal position and potential implications for future economic policies.

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.