Hoping to cement a strategy that protects the $787 billion stimulus bill from waste and fraud, state and federal officials testified before the Committee on Oversight and Government Reform Thursday about how to track and prevent wasteful spending.

Mar 12

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Bernard L. Madoff pleaded guilty Thursday to 11 charges that he orchestrated what may be the largest financial fraud in Wall Street history, cheating investors out of billions of dollars in a fraud that has drawn demands for stricter regulations.