Category Archives: Budget and Spending

Podcast on Debt Limit Approaches

The debt limit is a cap on the amount of money that the Department of the Treasury can borrow to meet the nation’s financial obligations. Delays in raising this statutory limit can have broad implications for the entire financial system.

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Calling on Agencies to Take a Closer Look at Their Phone Bills

Think of your phone bill. Even if you don’t scrutinize it every month, you probably check to make sure the charges seem reasonable or to see if you can get a better deal, especially when your contract is up. Now … Continue reading

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Our Quick Look at Homeland Security Acquisition Programs

We recently released our “quick look” at Department of Homeland Security (DHS) Acquisitions, assessing 22 major programs created to help secure the border, enhance cyber security, improve disaster response, and execute a wide variety of other operations. The good news? … Continue reading

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Projecting the Future of Federal Finances: Long-Term Fiscal Simulations

Since 1992, we have prepared long-term fiscal simulations to show federal deficits and debt under different sets of policy assumptions. Our latest update shows that the federal government continues to face a long-term fiscal sustainability challenge.

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Our Annual “Quick Look” at DOD’s Weapon Programs

Last week, we issued our annual review of the Department of Defense’s (DOD) major weapon programs. This review assessed 78 programs that will cost a combined $1.4 trillion to acquire. Read on for highlights of our latest DOD “Quick Look” … Continue reading

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Fiscal Exposures: 5 Sources of Risk that Drive Future Spending

In tandem with today’s release of our audit of the federal government’s fiscal year 2014 consolidated financial statements, we want to highlight our work on fiscal exposures. This is a term that describes services or expenditures that Americans may expect, … Continue reading

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Podcast on GAO’s State and Local Fiscal Outlook Model Update

State and local governments nationwide face long-term fiscal sustainability challenges. Since 2007, GAO has published simulations of fiscal trends in the state and local government sectors. Explore the state and local fiscal outlook model, and hear our podcast with Michelle Sager, … Continue reading

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Podcast on State Funding for Higher Education and College Affordability

As higher education costs rise, state support can help make public colleges more affordable. However, budget constraints and other factors have led to reduced state funding for higher education in recent years. Hear our podcast with Melissa Emrey-Arras, a director in … Continue reading

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Tax Expenditures: Spending through the Tax Code

As we near the end of the year, you may be trying to make charitable donations so you can take a tax deduction. The charitable donation deduction is one of many special tax provisions that can reduce the amount of … Continue reading

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GAO’s Acquisition and Sourcing Management Team

GAO’s workforce is organized largely by subject area, with most employees working in 1 of 14 mission teams, many of which we have highlighted on the WatchBlog. Today we’ll be putting the spotlight on the Acquisition and Sourcing Management (ASM) team, … Continue reading

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