Obama to Sign Law Limiting $110 Billion Government Payments
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President Barack Obama will sign legislation today to limit erroneous payments by the government and announce a new goal of reducing improper payments by $50 billion before 2012, a White House official said.
The Improper Payments Elimination and Recovery Act will help limit improper payments to individuals, organizations and contractors, according to the administration official. The White House said that in 2009 a record of almost $110 billion was paid by the government to the wrong person, in the wrong amount or for the wrong reasons.