GAO reports that the "financial outlook of the Postal Service Retiree Health Benefits Fund (RHB Fund) is poor." The fund has $62 billion in unfunded liabilities and only $50 billion in assets. According to GAO's projections, the fund will be depleted by 2030 - impacting 500,000 postal … Read more about Postal Retirees Fund is Going Broke
A preforeclosure sale allows an FHA borrower in default to sell his or her home at fair market value and use the sales proceeds to satisfy the mortgage debt, even if the proceeds are less than the amount owed. After the property is sold, lenders submit an FHA insurance claim and are compensated for … Read more about HUD Paid Almost $500 Million For Unnecessary Preforeclosure Claim Interest
Over the past 11 years, the Environmental Protection Agency (EPA) hosted 166 fellows at EPA laboratories under co-op agreements awarded to the National Academy of Scientists (NAS). 107 of those were foreign nationals. According to the report, when directly awarding awards, the EPA requires … Read more about EPA Paid $14.5 Million To Foreign Fellows That Could Have Gone To U.S. Citizens
Over 1000 of the 3000 Cybersecurity Recommendations from GAO remain unaddressed.
Improving agency outcomes is important to make the federal government more efficient and effective. However, federal agency heads are not using data in the decision making process. "Despite various efforts aimed at increasing managers’ use of data in decision making, our work has found little change … Read more about The Opposite of Moneyball: Agencies Not Using Data to Make Decisions
The Congressional Budget Office (CBO) predicts without any action from Congress, our debt to GDP will reach 152% in 2048. This report lays out options Congress can take to maintain or reduce federal deficits. According to CBO, in order to keep debt at 78% of GDP, Congress would have to cut … Read more about The Deficit Reductions Necessary to Meet Various Targets for Federal Debt
An Environmental Protection Agency (EPA) Office of Inspector General (OIG) report found the EPA is not maximizing its contract invoice payment process, placing an average of $1.2 billion annually at risk. According to the report, the EPA is "not using an e-invoicing process, not taking advantage of … Read more about EPA Puts Billions At Risk By Not Using E-Invoicing
There has been a lot of talk about President Trump's border protection project. The Government Accountability Office (GAO) recently examined Customs and Border Patrol (CBP) prototyping process, but, as GAO notes, the prototypes didn't analyze the costs of putting barriers in each potential location. … Read more about Border Wall Prototypes Missing Key Information