The Department of Defense (DOD) has neglected to address its inability to keep track of at least $220 billion in equipment provided to government contractors, according to a Tuesday report by the Government Accountability Office (GAO). Auditors first reported the Pentagon’s failure to account for government-owned equipment or material offered up for use to contracting agencies, also called government furnished property, in 2001, according to the report. DOD has made little improvement since then, increasing the risk that the Pentagon could accidentally overlook errors in the books.Read More
Tag: Government Accountability Office
‘Nearly Doubled’ Foreign Investment in U.S. Farmland Comes Under Scrutiny
A coalition of 130 lawmakers sent a letter to a top federal watchdog raising the alarm about a spike in foreign ownership of U.S. farmland.
The letter calls for the Government Accountability Office to conduct a full review of that foreign ownership, its potential impact on trade, national security, food security and what the federal government is doing about it, if anything.Read More
Biden Reboots Obama-Era Green Energy Loan Program That Funded Solyndra and Cost Taxpayers Billions
The Biden administration has rebooted the Energy Department’s green loan program that lent hundreds of millions of taxpayer dollars in the Obama-era to the now-defunct green energy company, Solyndra, according to an announcement.
The Advanced Clean Energy Storage project in Utah will receive the loan, leaving $2.5 billion for other clean energy projects, the Department of Energy (DOE) stated Wednesday.Read More
Supreme Court Hands Biden Admin Major Win for Climate Agenda
The Supreme Court denied a petition from 10 Republican-led states Thursday requesting it to block a key Biden administration climate policy.
The decision ensures that President Joe Biden’s so-called “social cost” of carbon policy — which assigns an estimated dollar value or cost to every ton of carbon emissions, according to the Government Accountability Office — can remain in place and be used for future federal permitting processes. The high court rejected states’ April 27 petition without giving a reason or listing which justices opposed it, according to a one-page filing published on the Supreme Court docket.Read More