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Tag Archives: debt
GAO Insights into the Nation’s Finances and the Role of the Debt Limit
Today, U.S. Comptroller General Gene Dodaro delivered testimony to Congress on our nation’s unsustainable long-term fiscal position. He said that the Congress and administration face serious economic, security, and social challenges that will require difficult policy choices in the short … Continue reading
A Check-Up on the Government’s Fiscal Health
After 6 years of declining deficits, the federal deficit increased to $587 billion in 2016 and U.S. debt held by the public stood at about $14.2 trillion at the end of 2016. These figures are only expected to grow. The … Continue reading
Debt Limit 101
Congress has voted to suspend the debt limit through March 15, 2017. But how could future lawmakers address this issue in order to save the federal government money and avoid future disruptions? Today’s WatchBlog examines the debt limit. What is … Continue reading
GAO’s Strategic Issues Team
GAO’s workforce is organized largely by subject area, with most employees working in 1 of 14 mission teams. Today, we’ll spotlight the Strategic Issues (SI) team, which focuses on helping Congress and federal agencies address the governance and management challenges … Continue reading
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.
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
Considering College Costs Beyond Tuition
If you’re heading to college this fall, you may be focused on the major costs—tuition and fees, possibly room and board. We have examined some of the other costs of college, such as textbooks and college debit cards, that can … Continue reading
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September 5, 2014
Tagged college, college de, cost, debit card, debt, EWIS, fees, FMCI, higher ed, higher education, information, ISBN, textbooks, transparency, university
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The National Flood Insurance Program: a High-Risk Business
The National Flood Insurance Program (NFIP) is a key component of the federal government’s efforts to limit the damage and financial impact of floods. However, it likely will not generate sufficient revenues to repay the billions of dollars borrowed from … Continue reading
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May 22, 2014
Tagged debt, Federal Emergency Management Agency, FEMA, financial solvency, flood, flood insurance, FMCI, GAO, government accountability office, high risk, homeland security, Hurricane Katrina, Hurricane Rita, loan, National Flood Insurance Program, NFIP, Treasury, Treasury Department, usgao
Navigating the Complexities of the Federal Budget
The President and Congress use the federal budget process to help allocate federal funds among competing demands. The 2015 President’s Budget (which will be released on March 4th), is the President’s principal policy statement; the administration’s plan for funding the … Continue reading
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February 28, 2014
Tagged balance, budget, budget terminology, budgetary, carryover balances, collections, Congress, costs, debt, federal debt, fiscal outlook, glossary, government accountability office, long-term, long-term debt, OMB, President, president budget, president's budget, process, resources, user fees, usgao
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