Author Archives: gao_watchblog

Tracking Progress on Financial Stability and Reform

In response to the worst financial crisis in more than 75 years, U.S. policymakers undertook wide-ranging reforms. For example, the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) aims, among other things: to promote the financial stability … Continue reading

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Celebrating GAO’s 93 Years with Some Glimpses into History

Here at GAO, we strive for accountability, integrity, and reliability in the work we do, but the way we do it evolves with time. As the month of July marks GAO’s 93rd anniversary, we thought we would share a few … Continue reading

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The Risks of Virtual Currencies

In February 2014, the Mt. Gox virtual currency exchange filed for bankruptcy, stating that a security breach resulted in the loss of bitcoins worth more than $460 million at the time. This incident is one of many real-world illustrations of … Continue reading

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Questionable Business Practices and Pension Advances

Pensions, in addition to Social Security, are what allow millions of middle-class retirees to maintain a reasonable standard of living. Any loss of pension benefits (partial or otherwise) can significantly affect a retiree’s ability to pay monthly living expenses, medical … Continue reading

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Climate Change Adaptation and National Security

In a new report, we assessed the Department of Defense’s (DOD) actions to adapt its U.S. infrastructure to the challenges of climate change. While it’s not possible to link any individual weather event to climate change, these events provide insight … Continue reading

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GAO’s Health Care Team

GAO’s workforce is organized largely by subject area, with most employees working in 1 of 14 mission teams. Today, we’ll be putting the spotlight on the Health Care team, which supports congressional oversight of federal agencies responsible for health care … Continue reading

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Podcast on Diplomatic Facility Security

United States policy can call for U.S. personnel to be posted to high-threat, high-risk posts overseas. To maintain a presence in these locations, the Department of State has often relied on older, acquired, and temporary work facilities that do not … Continue reading

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Gearing Up for Wildland Fire Season

With fires already burning in Southern California and the Southwest, the western United States is gearing up for another fire season. The federal government plays several roles in addressing wildland fires—from suppressing wildfires and reducing potentially hazardous vegetation that can … Continue reading

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Podcast on Defense Inventory Management

The U.S. military’s Defense Logistics Agency (DLA) manages billions of dollars of DOD’s inventory, such as spare parts to keep military equipment operating. GAO has identified DOD supply chain management as a High Risk area. Hear our latest podcast with … Continue reading

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Duplication, Delays, and other Issues Hinder DOD’s Multi-Billion-Dollar IT Investments

As you might expect, the information technology (IT) that supports one of the largest and most complex organizations in the world can be very expensive. In its fiscal year 2015 budget, the Department of Defense (DOD) requested more than $30 … Continue reading

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