Joe Biden, US vice president, said on Tuesday that the administration’s credibility is on the line over how it spends the $787bn stimulus package intended to revive the economy.
At a business roundtable at Pace University in New York, Mr Biden, who has been charged with overseeing how stimulus money is spent, said that in spite of the government’s best intentions it was inevitable that mistakes would be made. He noted that some scams had already occurred and that inspector generals were planning new rules combat stimulus related fraud.
