Credit Card Update!

Pilot program across 14 civilian agencies to audit unused/unneeded “P-cards” (~700K accounts with ~$30B of spend in FY24).
After 8 days, ~24,000 cards have been de-activated, which will likely double by end of week.
Credit cards were also addressed in the

In a significant move to enhance fiscal responsibility, a pilot program initiated by the federal government aims to audit and deactivate unused or unnecessary purchase cards, commonly known as “P-cards.” This initiative spans 14 civilian agencies and encompasses approximately 700,000 accounts with an estimated spending of $30 billion for the fiscal year 2024.

Since the program’s launch just eight days ago, around 24,000 P-cards have already been deactivated, with expectations that this number could double by the end of the week. The government’s strategy seeks to streamline expenditures and eliminate wasteful spending, ensuring that taxpayer dollars are used more effectively.

The focus on credit card usage within federal agencies highlights a broader commitment to accountability and transparency in government spending. As the audit progresses, officials anticipate further reductions in the number of active P-cards, paving the way for more prudent financial management across federal operations.

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