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Improper payments increased by $31 billion in fiscal 2020 as compared to 2019. New data from the Office of Management and Budget shows agencies improperly paid out $206 billion last year up from $175 billion in 2019. Of that $206 billion, OMB said agencies determined they could recapture almost $47 billion. In the end, agencies brought back about 47%, or about $22 billion to the Treasury after overpaying citizens or businesses. OMB gave agencies new guidance in March to further implement the Payment Integrity Information Act of 2019.
Operator
Welcome to Liquidity Services, Inc. Second Quarter Fiscal Year 2021 Financial Results Conference Call. My name is Vanessa, and I will be your operator for today s call. Please note that this conference is being recorded. [Operator Instructions] On the call today are Bill Angrick, Liquidity Services Chairman and Chief Executive Officer; and Jorge Celaya, its Executive Vice President and Chief Financial Officer. They will be available for questions after their prepared remarks. The following discussion and responses to your questions reflect liquidity services managed views as of today, May 6, 2021, and will include forward-looking statements. Actual results may differ materially. Additional information about factors that could potentially impact the financial results is included in today s press release and in filings with the SEC, including the most recent annual report on Form 10-K.
Quiet professionals ? US Special Operations Command appoints partisan Diversity & Inclusion chief who compared Trump to HITLER — RT USA News rt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rt.com Daily Mail and Mail on Sunday newspapers.