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Tag Archives: Treasury
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
The DATA Act – Working Towards Federal Spending Transparency
The Digital Accountability and Transparency Act of 2014 requires federal agencies to prepare and submit standardized, accurate information about the roughly $3.7 trillion they spend each year. The Office of Management and Budget and the Department of the Treasury are … Continue reading
Optimizing Federal Data Centers
In recent years, federal agencies have moved more and more of their services and operations online, increasing their need for computer power and data storage—and leading to a dramatic rise in the number of federal data centers. These buildings house … Continue reading
The DATA Act Reporting Deadline Is Here—Will Agencies Show You the Money?
Ever wonder how federal agencies spend the trillions of dollars they’re allotted each year? Well Congress did too, and it passed the Digital Accountability and Transparency Act of 2014 (DATA Act), which required agencies to submit standardized, accurate financial information … Continue reading
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
Posted in Auditing and Financial Management, Budget and Spending, Government Operations
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
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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
Will “Hamilton” Win Big? Its Namesake Already Inspired a Lot of GAO Work
Alexander Hamilton has quite the legacy: he was the first Secretary of the Treasury; he created a plan for managing the national debt; and he is now the inspiration behind the Tony Award-nominated musical, Hamilton. In anticipation of this Sunday’s … Continue reading
Posted in About GAO, Auditing and Financial Management, Budget and Spending, Fiscal Outlook and The Debt, Government Operations, National Defense, Tax Policy and Administration
Tagged currency, Department of the Treasury, FMCI, founding fathers, gun control, Hamilton, history, HSJ, James Corden, Jefferson, Lin-Manuel Miranda, PI, SI, Tony Awards, Tonys, Treasury
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The DATA Act Turns 2
The Digital Accountability and Transparency Act of 2014, known as the DATA Act, is 2 years old today. This law is supposed to make it easier to get reliable, standardized information on federal spending. Today’s WatchBlog explores what we’ve found … Continue reading
Budget Day Is Around the Corner
The 2017 President’s Budget is scheduled to be released next week. The president’s proposal is the result of work that started last spring at the White House, the Office of Management and Budget, and executive branch agencies—from Agriculture to Veterans … Continue reading
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