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The Gao Has News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - FOXNEWS - 20110524:16:55:00

reporter: today democrat carl levin and tom so burn will hold a senate hearing to determine exactly what happened to the money and how it could easily flow to companies that never should have been eligible for it. capitol hill watchers say it s a step in the right direction. this is a bipartisan issue. government dollars have been spent to cleanup after hurricane katrina, troops in iraq and afghanistan and stimulus money and the money has been often given out to contractors who have done a bad job. there is one solution to this is we need better data, better oversight, more contracting offices to be able to track this. and only then will we get, you know, value for taxpayer dollars. reporter: the gao has referred 15 contractors to the irs for further investigation finding those cases to be so egregious that they may actually be criminal. jon. jon: shannon bream in washington. thank you. fox news alert. we are just learning that the tail of that thought to be

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