GAO: Homeland Security needs to focus on money management

The federal government is large and incredibly complex. Last year it spend $3.5 trillion on thousands of programs. According to the Government Accountability Office, some of those programs are at risk for fraud, waste, and abuse.

In 2011, the GAO generated their "High Risk List."

David Maurer, the agency's director of homeland security and justice issues, provided an update on Capital Insider.