Short-Sighted Spending Cuts Deepen Budget Deficit by Nearly $21 Billion by Worsening Waste, Fraud, and Abuse

Washington, D.C.–(ENEWSPF)–October 2, 2014.  As fiscal year 2015 begins, a new brief from the Center for American Progress illustrates how federal spending cuts are actually deepening budget deficits—to the tune of $20.9 billion—by increasing waste, fraud, and abuse. These cuts hinder competent program administration, which depends on adequate staff and resources, as well as strong oversight.