US Treasury Secretary Bessent said on Thursday that the US government may lose up to 600 billion US dollars each year due to fraud, accounting for about 10% of government spending, thus echoing Musk's previous statement. Speaking at the Minnesota Economic Club, Bessent said, “The US Government Accountability Office believes that about 300 billion to 600 billion US dollars of funds disappear due to fraud every year, accounting for about 10% of government spending.” He added: “If we could recover these funds, it would be 1% to 2% of GDP!” A netizen shared a video of Bessent's speech on social networking platform X, and Musk responded, “Minister Bezent is right.” Earlier this week, Musk posted on X: “I estimate that fraud across the US accounts for about 10% of the federal budget, or about 700 billion dollars a year.”

US Treasury Secretary Bessent said on Thursday that the US government may lose up to 600 billion US dollars each year due to fraud, accounting for about 10% of government spending, thus echoing Musk's previous statement. Speaking at the Minnesota Economic Club, Bessent said, “The US Government Accountability Office believes that about 300 billion to 600 billion US dollars of funds disappear due to fraud every year, accounting for about 10% of government spending.” He added: “If we could recover these funds, it would be 1% to 2% of GDP!” A netizen shared a video of Bessent's speech on social networking platform X, and Musk responded, “Minister Bezent is right.” Earlier this week, Musk posted on X: “I estimate that fraud across the US accounts for about 10% of the federal budget, or about 700 billion dollars a year.”