New panel watching contracting

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Watch out contractors.  Sen. Claire McCaskill, D-Mo., is keeping her eye on you.

The Senate Homeland Security and Governmental Affairs Committee announced she will be the chair of a new, ad hoc contracting oversight subcommittee.

And McCaskill, a former prosecutor and state auditor, has come out swinging:

We all know that outrageous contracting abuses occur in every facet of government. I can’t wait to get to work saving huge money for taxpayers.

Fun Fact: Last year government spent more than $530 billion through contracts.

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