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The Latest Breaking News from GAO

Opioid maker Endo paid top executives $55.5 million in bonuses before bankruptcy

Days before the money-losing opioid drug firm Endo International filed for bankruptcy last week, the company paid chief executive Blaise Coleman an $11.85 million bonus.

The Philadelphia Inquirer

Flood maps show US vastly underestimates contamination risk at old industrial sites

Climate science is clear: Floodwaters are a growing risk for many American cities, threatening to displace not only people and housing but also the land-based pollution left behind by earlier industrial activities.

The Conversation

The Federal Student Loan Program Was Supposed To Pay for Itself. Now, It'll Cost Taxpayers $197 Billion

A new report from the Government Accountability Office found that the Federal Student Loan Program will cost over $300 billion more than originally predicted.

Reason

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The U.S. government underestimated the cost of the student loan program by billions

The Education Department originally thought the student loan program would make money — instead, it's losing it. That's according to a new report from the U.S. Government Accountability Office.

WEKU

Checks and Balances- July 2022

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Ballotpedia

Editorial: Border Patrol stopped counting migrant deaths. We need that information now

The tragic deaths of 53 migrants in a San Antonio truck last month was appalling, but it may be only a narrow insight into the loss of life on and near the southern border. An actual number of recent immigrant deaths is hard to come by because U.S. Customs Border…

Tribune News Service

The U.S. student population is more diverse, but schools are still highly segregated

A new report from the U.S. Government Accountability Office finds that public schools remain highly segregated along racial, ethnic and socioeconomic lines. One reason: school district secession.

WEKU

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Senators decry lack of federal safety assessment of tear gas

Questions posed about the safety of tear gas remain unanswered, even after more than a dozen U.S. senators asked a congressional watchdog to look into the issue

The Independent UK

Ecologists say federal wildfire plans are dangerously out of step with climate change

Many forest ecologists say the U.S. Forest Service is hampered by an outdated approach to prescribed fires, a key tool for reducing the threat of megafires made worse by climate change.

WEKU

Flying blind: US accuses itself of selling weapons for Yemen war without assessing civilian harm

Audit by watchdog says US officials fail to follow through on the civilian impact of military sales to Saudi Arabia and UAE

The Independent UK

US has not fully investigated own role in Yemen rights abuses, watchdog finds

Government Accountability Office also criticizes Biden’s move to classify Saudi weapons as ‘offensive’ or ‘defensive’ as meaningless

The Guardian - US

GAO: No sign US tracked if its aid was used in Yemen attacks

A government report says there’s no sign the Pentagon or the State Department investigated whether U.S. military aid was used in Saudi or Emirati strikes alleged to have killed civilians in Yemen

The Independent UK

Why Does Cannabis Dominate Drug Seizures Along US Border? Checkpoint Oversight Needs Improvement

Three-quarters of U.S. Border Patrol drug seizures were exclusively for marijuana, according to a new report from the Government Accountability Office (GAO) published in early June.

Benzinga

Watchdog Report: At Least 20 Percent of Federal Pandemic Unemployment Dollars Wasted

A new report from the Government Accountability Office found that nearly $80 billion was paid out to ineligible beneficiaries or outright fraudsters.

Reason

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Reason

Do We Really Need 100 Different Federal Programs To Fund Broadband?

A new GAO report finds that the government lacks a "national strategy with clear roles, goals, objectives, and performance measures."

The Independent UK

Most Americans could file their taxes for free, but don't

A new government watchdog report finds that while most Americans are eligible to file their taxes for free, only a fraction use the services provided through the government

The Independent UK

Once dead, twice billed: GAO questions COVID funeral awards

The Federal Emergency Management Agency may have been double-billed for the funerals of hundreds of people who died of COVID-19, the Government Accountability Office said in a new report Wednesday

Reason

The $1.7 Trillion F-35 Fighter Jet Program Is About To Get More Expensive

GAO: Congress has been buying planes that lack crucial parts and haven't undergone full testing, so costly upgrades will eventually be needed.

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Mic

It’s far from perfect, but Biden’s student debt relief plan is a big deal

Yes, there’s thousands in loan forgiveness, but the real meat of the plan might be the new income-driven repayments.

The Independent UK

Feds: Thousands may have student debt that should be erased

A new federal report finds that record-keeping failures by the Education Department may have left thousands of Americans stuck with student debt that should have been forgiven

Tribune News Service

Stars align for fintech, but regulators are wary of dangerous risks

WASHINGTON — Commercials featuring NBA legend LeBron James, comedy icon Larry David and movie star Matt Damon touting digital assets were prominent on this year’s telecast of the Super Bowl played at California’s SoFi Stadium, named for a financial technology service company.

Roll Call

Stars align for fintech, but regulators are wary of dangerous risks - Roll Call

Celebrity endorsements are making fintech part of popular culture but regulators are moving cautiously to avoid dangerous risks.

Roll Call

Mining lobby doubles spending as Congress focuses on 1872 law - Roll Call

Lobbying money doubles as Congress takes up legislation to overhaul law that allows mining on federal land without paying royalties.

Roll Call

GAO: Most lobbyists follow disclosure rules, but some leave out details

The Government Accountability Office runs regular checks on the disclosures lobbyists provide of efforts to influence Congress.

Tribune News Service

Senators ask GAO to examine Medicaid’s low COVID vaccination rates

Two prominent Democratic senators have requested a Government Accountability Office study of why COVID-19 vaccination rates remain far lower among Medicaid enrollees than the general population and what barriers are impeding state efforts to increase immunizations among program beneficiaries, low-income people who have been disproportionately affected by the virus.

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