Tag Archives: Treasury Department

Finding Common Ground on Flood Insurance Reform

Posted on July 9, 2019 by WatchBlog

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 →

Image | Posted on July 9, 2019 by WatchBlog | Tagged Alicia Puente Cackley, Congress, financial solvency, flood, flood insurance, flood risk, flooding, FMCI, full-risk premiums, insurance, insurance premiums, means-based subsidies, National Flood Insurance Program, NFIP, property owners, Treasury Department

Is the Cloud Saving the Government Money?

Posted on June 27, 2019 by WatchBlog

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 →

Image | Posted on June 27, 2019 by WatchBlog | Tagged Carol Harris, cloud computing, cloud services, DOD, IT, IT investments, IT services, ITC, National Oceanic and Atmospheric Administration, Office of Management and Budget, OMB, Social Security Administration, SSA, State Department, Treasury Department

Achieving Financial Benefits—One Action at a Time

Posted on November 22, 2016 by WatchBlog

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 →

Image | Posted on November 22, 2016 by WatchBlog | Tagged action tracker, CMS, duplication, fragmentation, IRS, Medicaid, medicare, overlap, Treasury Department, whistleblower

Working toward Implementing the DATA Act

Posted on August 8, 2016 by WatchBlog

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 →

Image | Posted on August 8, 2016 by WatchBlog | Tagged DATA Act, deadline, Department of the Treasury, Digital Accountability and Transparency Act of 2014, federal spending, FMA, implementation plans, Office of Management and Budget, OMB, Treasury, Treasury Department

Using Money When You Can’t See It

Posted on June 28, 2016 by WatchBlog

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 →

Image | Posted on June 28, 2016 by WatchBlog | Tagged BEP, blind, braille, Bureau of Engraving and Printing, currency, Helen Keller, iBill, money, PI, redesign, Treasury, Treasury Department

Podcast on Debt Limit Approaches

Posted on July 10, 2015 by WatchBlog

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.

Image | Posted on July 10, 2015 by WatchBlog | Tagged Debt limit, debt limit options, SI, Treasury, Treasury Department

The National Flood Insurance Program: a High-Risk Business

Posted on May 22, 2014 by gao_watchblog

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 →

Image | Posted on May 22, 2014 by gao_watchblog | 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

Retirees Need Options and Assistance to Make Money Last

Posted on April 29, 2014 by gao_watchblog

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 →

Image | Posted on April 29, 2014 by gao_watchblog | Tagged 401(k), defined contribution plan, Department of Labor, employer, EWIS, financial literacy, Financial Literacy Month, FMCI, income security, interactive, lump sum, plan sponsors, retire, retirement, spend down, Treasury Department, video

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

Posted on March 5, 2014 by GAOWatchBlog

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 →

Image | Posted on March 5, 2014 by GAOWatchBlog | Tagged audit, auditor, chief financial officers, consolidated financial statements, defense, Defense Department, financial reports, financial statements, Office of Management and Budget, OMB, reform, reports, statements, transparency, Treasury, Treasury Department | 2 Comments