Tag Archives: Treasury Department

How Can the Federal Government Strengthen Its Response to COVID-19?

Today’s WatchBlog looks at our third report on the implementation of the CARES Act and other pandemic relief measures. The report outlines the many effective steps the Administration and the Congress have taken to address issues, and identifies further steps … Continue reading

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The growing use of economic sanctions

The U.S. government has increasingly used economic sanctions as a tool to combat threats to U.S. interests. For example, in recent weeks, the government has sanctioned companies for supporting a Venezuelan regime deemed by the United States to be illegitimate, … Continue reading

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Deterring Financial Crime with the Bank Secrecy Act

Money laundering, terrorist financing, and other illicit activities pose threats to national security and the integrity of the U.S. financial system. The Bank Secrecy Act (BSA) requires financial institutions—such as banks and money transmitters—to verify customers’ identities and report suspicious … Continue reading

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Finding Common Ground on Flood Insurance Reform

As we enter the peak of hurricane season, many homeowners have wisely chosen to protect their properties by purchasing flood insurance. However, the nation’s taxpayers remain largely unprotected as the National Flood Insurance Program (NFIP) is poised to continue to … Continue reading

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Is the Cloud Saving the Government Money?

Have you ever wondered how the federal government provides important public services—like helping secure major sporting events or providing public access to weather data? Or how the Treasury manages supplies for printing currency, or the military transports cargo around the … Continue reading

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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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