The highest nationwide estimate puts U.S. fraud losses at $521 billion. Even if all of that could be recouped, it would amount to less than a third of the 2025 deficit of $1.775 trillion. See the ...

President Donald Trump declared a “war on fraud” during his State of the Union address, embracing a task that has eluded presidents for decades. He even tapped his vice president to lead the effort.

Combating fraud in government programs has been a talking point for the White House since the start of the second Trump administration, most recently with a focus on an ongoing social services fraud ...

Financial fraud in the U.S. has become so sophisticated that it now has its own internal economy, complete with supply chains and customer service. Banks need to wake up to the reality that the ...