“According to the Congressional Budget Office, the U.S. government spent $4.0 trillion in 2017. While the budget’s largest portions go toward benefit programs like Social Security and Medicaid, hundreds of billions of federal dollars also end up in the coffers of just a handful of companies in the private sector.”
“Through its various agencies and departments, the federal government has millions of contractual obligations with private companies, both domestic and foreign. The companies and organizations benefiting from federal dollars run the gamut from drug makers to universities and research companies. Those benefiting the most, however, are almost exclusively health care providers and defense contractors – many of which claim the U.S. government as their biggest customer.”
“24/7 Wall St. reviewed contract data from the Federal Procurement Data System to identify the companies making the most from the federal government. The government paid 30 companies at least $2.3 billion each in fiscal 2017. Four companies on this list were each awarded federal contracts worth over $14 billion – more than the entire budget for the Environmental Protection Agency or the Department of the Interior…” Read the full article here.
Source: 30 Companies Getting the Most From the Government – By Samuel Stebbins and Michael B. Sauter, March 20, 2019. 24/7 Wall St.
