Fact-check · Oct 30, 2026 · Scott Bessent
“Ordered an audit of approximately 9,000,000,000 in treasury contracts”
TRUE
What the record shows
U.S. Department of Treasury announced November 6, 2025, a comprehensive audit of approximately $9 billion in contracts and task orders awarded under preference-based contracting across Treasury and its bureaus.
Official Treasury press release confirms the $9 billion audit of Treasury contracts was ordered, matching the speaker's statement.
Sources
- Treasury launches $9B contract review following allegations of 8(a) program fraud - Tribal Business News
- Treasury Launches Department-Wide Fraud Investigation into Contracting Programs
- Treasury Launches Broad Audit of 8(a) Contracts
- U.S. Treasury Launches Departmentwide Review of Preference-Based Contracting Programs
- Treasury To Audit All Contracts
- SBA Office of General Counsel Audit of Participants in the 8(a) Program and Beyond
From: Secretary of the Treasury Scott Bessent Holds a Fraud Task Force Press Conference in St. Cloud, MN
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