WASHINGTON — Lawmakers have unleashed more than $5 trillion in relief aid over the past year to help businesses and individuals through the pandemic downturn. But the scale of that effort is placing serious strain on a patchwork oversight network created to ferret out waste and fraud.The Biden administration has taken steps to improve accountability and oversight safeguards spurned by the Trump administration, including more detailed and frequent reporting requirements for those receiving funds. But policing the money has been complicated by long-running turf battles; the lack of a centralized, fully functional system to track how funds are being spent; and …
Browse
Business Central
Accelerate growth with 1BusinessWorld's Global Business Profile
Sign up for free or use coupon code 1BW50 for 50% discount on your subscription
Sign up nowLatest Business News
- Building a Better Business World: How Diversity and Inclusion Ignite Innovation and Sustainable Growth (9/10/2024) - Harnessing the Power of Diverse Perspectives to Foster Creativity, Drive… Read more...
- Building a Legacy That Lasts: How Thematic Investing is Shaping Multi-Generational Wealth (9/8/2024) - Embracing Long-Term Trends in Sustainability, Technology, and Defense to Preserve… Read more...
- Generation A.I. | Empowering Human Potential in the Age of AI (8/31/2024) - Frankie Russo's Vision for Augmenting Humanity and Achieving Infinite Growth… Read more...
- Bridging Generations: Shaping the Future of Wealth and Legacy at the 2024 Multi-Generational Wealth Management Summit (8/31/2024) - 2024 Multi-Generational Wealth Management Summit: Shaping the Future of Wealth… Read more...
- How Gridwealth is Revolutionizing Climate Action Through Economic Innovation (8/29/2024) - Gridwealth's Economic Blueprint for Climate Action: Where Profit Meets Purpose… Read more...
- Mobilizing Leadership for Global Climate Action: Pyxera Global’s Strategy for a Sustainable and Equitable Future (8/27/2024) - Strategic Leadership in Climate Action: Pyxera Global's Blueprint for a… Read more...