Tag Archives: government spending

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

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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

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Federal Smarter Buying Initiatives (podcast)

The federal government saved nearly $500 million over the past 5 years through “smarter buying”—such as by leveraging the government’s collective buying power for discounts on things like office supplies. But that’s small change compared to the billions of dollars … Continue reading

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Auditing the Government’s Books

Congress and the President need reliable, useful, and timely financial information so they can make difficult budget choices and deal with the nation’s long-term fiscal challenges. Each year, we audit the governmentwide financial statements to help make sure good information … Continue reading

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Tracking Federal Spending with the DATA Act (infographic and podcast)

The federal government spends more than $3.5 trillion dollars a year. But how that money is spent is not always easy to track. Enter the Digital Accountability and Transparency Act of 2014. Known as the “DATA Act,” this law is … Continue reading

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Taking a Long Look at the Federal Budget

What’s the future of the federal budget? Since 1992, we have simulated how different policies would affect the federal deficit and debt. Our latest update, released Monday, shows that the federal government continues to face long-term fiscal challenges. The future … Continue reading

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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

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