Tag Archives: Treasury Department

Achieving Financial Benefits—One Action at a Time

Since 2011, we’ve outlined actions federal agencies and Congress can take to reduce fragmentation, overlap, and duplication in federal programs and activities—work that resulted in $56 billion in financial benefits to the federal government between fiscal years 2010 and 2015 … Continue reading

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Working toward Implementing the DATA Act

Federal agencies spend more than $3.7 trillion a year. But it’s not always easy to get reliable, useful, and consistent information about this spending—information that can help improve oversight, decision making, and transparency. So, Congress passed the Digital Accountability and … Continue reading

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Using Money When You Can’t See It

How does someone who is visually impaired distinguish a $1 bill from a $5 or a $20? It’s nearly impossible—U.S. paper currency is all the same size, same general design, and has the same texture. But there’s also no simple … Continue reading

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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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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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Retirees Need Options and Assistance to Make Money Last

As individuals are increasingly responsible for their financial security following retirement, the cost of limited financial literacy can be extremely high. Yet, recent survey data suggest that seniors have some of the lowest financial literacy rates. These surveys—which included questions … Continue reading

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Impediments to an Audit Opinion on the Government’s Financial Statements

The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget, annually consolidates individual agency financial statements to provide a comprehensive overview of the federal government’s finances. GAO is required to audit the consolidated … Continue reading

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