Obama signs law to curb bad payments
President Barack Obama signed legislation intended to slash by $50 billion the taxpayer money improperly paid to dead people, fugitives and those in jail who shouldn’t be getting benefits. Such bad payments range from outright fraud to checks issued to the wrong person or for the wrong amount because of a typo. The new law will strengthen the efforts by federal agencies to halt the flow of improper money in a series of ways. Among those steps: requiring more audits of programs and adding penalties for agencies that don’t comply with the law. The Improper Payments Elimination and Recovery Act also broadens how any recovered money can be used.