Tag: PRAC

Biden Energy Department Ill-Prepared to Combat Fraud as it Spends Billions on Infrastructure

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The U.S. Energy Department faces major management challenges ranging from hacking vulnerabilities to foreign espionage and could create “massive new risks to the taxpayer” as it spends tens of billions of dollars in new spending from President Joe Biden’s signature infrastructure initiative, the agency’s internal watchdog warns.

The Office of Inspector General offered a stark assessment of the department under Secretary Jennifer Granholm, pointedly warning losses from fraud in the current infrastructure spending could mirror that seen during the COVID pandemic, where taxpayers now lost an estimated $200 billion government wide.

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‘Hard to Know Where Pandemic Relief Money Went,’ Admits Federal Spending Watchdog

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Woman in mask in the dark looking at computer screen

This week’s Golden Horseshoe goes to a broad sweep of federal agencies for a systemic lack of transparency that is hampering efforts to monitor many billions of dollars in COVID-19 relief spending, according to a report by the Pandemic Response Accountability Committee.

The PRAC was established in 2020 by the Coronavirus Aid, Relief, and Economic Security (CARES) Act to “promote transparency and conduct and support oversight” of more than $5 trillion in pandemic relief funds.

In a report released Wednesday, the watchdog details its difficulty in determining how funds are being spent due to federal agencies’ poor reporting on the government spending website, USAspending.gov.

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