Approximately $191 billion in Covid unemployment payments may have been misspent, according to an updated estimate issued by the Department of Labor.
at about $163 billion “with a significant portion attributable to fraud.”
But federal officials acknowledge that they cannot precisely identify how much federal aid was wrongfully sent out.UI benefits are just one of a handful of large government programs that were created or expanded during the pandemic to help individuals and businesses harmed by the disruptions it caused to the economy.
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