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Rand Paul Reacts After Scott Bessent Reveals Shocking $500 Billion Fraud Estimate— 'Glad The Trump Admini

Summary by Benzinga
Sen. Rand Paul (R-Ky) praised the Trump administration for its efforts to combat widespread government fraud, which he claims costs taxpayers up to $500 billion annually. Paul took to X on Tuesday to acknowledge the comments made by Treasury Secretary Scott Bessent during an April interview with independent journalist Nick Shirley. Bessent estimated that the U.S. loses between $250 billion and $500 billion each year due to fraudulent activities,…

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Benzinga broke the news in New York, United States on Wednesday, May 27, 2026.
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