Begich Presses Administration to Eliminate Wasteful Government Spending
Urges OMB to Close Costly Empty Bank Accounts
Upon learning that federal agencies are essentially throwing taxpayer money away by spending $890,000 annually to maintain 13,000 empty bank accounts, U.S. Sen. Mark Begich (D-AK) called out the Office of Management and Budget (OMB) to put an end to this wasteful practice.
“I know that $890,000 may not seem like much to some folks here in Washington, but it is this kind of careless spending that angers American taxpayers—and rightly so,” said Begich. “I’m glad I could join Sen. Pryor to highlight these wasteful accounts and push the administration to fix this misuse of taxpayer dollars. In the coming weeks I will look for more ways to cut the budget and the deficit.”
Begich joined Sen. Mark Pryor (D-AR) on Wednesday in writing to OMB director Sylvia Burwell about closing the zero balance accounts. The full text of the letter is attached.
Begich and Pryor frequently partner on common-sense legislation to reduce deficit spending. In 2012, they joined a bipartisan group of senators on a bill to purge unnecessary federal property, end ongoing maintenance expenses, and establish a framework for federal agencies to better manage existing space in a more cost-effective manner. The federal government owns more than 14,000 excess and 45,000 underutilized buildings that cost more than $1.7 billion annually to operate.