Tag: Government Accountability Office

‘Incompetence’: Pentagon Doesn’t Know How Much Money It Sent to Chinese Entities for Risky Virus Research

South Carolina Sun Staff
Science Lab

The Department of Defense (DOD) does not know how much money it directly or indirectly sent to Chinese entities to conduct research on viruses with pandemic potential, according to a new report by the DOD’s Office of Inspector General (OIG).

The OIG’s report found that DOD has supplied Chinese entities — whether directly or indirectly via subgrants — with taxpayer cash to research pathogens and the enhancement thereof, but the exact figure is unknown because of “limitations” in the DOD’s internal tracking system. Government funding for such research in China has come under scrutiny since the coronavirus pandemic, which multiple government entities believe started when an engineered virus leaked from a Chinese laboratory that was hosting U.S. government-backed gain-of-function research.

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Commentary: Trump Must Reform the Pentagon’s Acquisition Process

South Carolina Sun Staff
The Pentagon

Forget the $500 hammer. The newest report from the Government Accountability Office puts the cost of America’s ailing Lightning II F-35 joint strike fighter at an estimated $2 trillion.

Have all those zeros bought the American taxpayer an invincible flying machine?

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Biden Admin Used Border Wall Funds on ‘Environmental Planning,’ Government Watchdog Says

South Carolina Sun Staff
Joe Biden with CBP agents

The Biden administration spent taxpayer dollars meant to fund a border wall to pay for “environmental planning,” according to a new report by the Government Accountability Office (GAO).

At the request of Republican Reps. Jack Bergman of Michigan and Jodey Arrington of Texas, the GAO investigated whether the Department of Homeland Security (DHS) broke the law when it effectively blocked the use of taxpayer dollars to build a wall along the southern border. While GAO’s final report clears the DHS of breaking the law, it confirmed that DHS used congressionally-appropriated funds meant for the wall to pay for “environmental planning” and efforts “to remediate or mitigate environmental damage from past border wall construction.”

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Feds Report $2.7 Trillion in Improper Payments in Two Decades

The Center Square

The federal government reported hundreds of billions of taxpayer dollars in improper payments last fiscal year and trillions over the last two decades.

According to a new report from the Government Accountability Office, the federal government reported $236 billion in improper payments in fiscal year 2023. The true number, though, is actually much higher, but federal reporting is often lacking.

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House Republicans Raise Alarm over China’s Potential Use of U.S. Funds in Military Research

Just the News
Rep. Cathy McMorris Rodgers

House Republicans are urging the Government Accountability Office, Congress’s nonpartisan watchdog, to investigate what safeguards the National Institutes of Health has in place to ensure China does not use research funds to bolster its military or unethically use humans in research studies.

“Recent reports have raised concerns about the NIH’s ability to screen for national security issues,” the Republicans, led by House Energy and Commerce Committee Chair Cathy McMorris Rodgers, Wa., wrote in a letter Tuesday to Government Accountability Office Comptroller Gene Dodaro.

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Johnson Proposes Ukraine Aid ‘Innovations’ Including Loans, Using Seized Russian Oligarch Money

Just the News
House Speaker Mike Johnson

Speaker Mike Johnson, R-La., said he expects the House to move forward with an aid package that would provide support for Ukraine with “some important innovations,” which may include loans for the war-torn Eastern European nation and using seized assets from Russian oligarchs.

On Fox News’ “Sunday Night In America” Johnson appeared receptive to a plan that would offer Ukraine a loan rather than aid, as Congress has already approved $113 billion in response to Russia’s invasion since February 2022, per the Government Accountability Office.

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Congressional Watchdog Questions Reliability of U.S. Financial Statements, Cites ‘Serious Financial Management Problems at the Department of Defense’

The Center Square
The Pentagon

A Congressional watchdog said Friday that it was again unable to determine if the federal government’s consolidated financial statements were reliable.

The U.S. Government Accountability Office, which is Congress’s research arm, said it was hampered by “serious financial management problems at the Department of Defense,” problems in accounting for transactions between federal agencies, weaknesses in the process for preparing the statements and inadequate support for the cost of loan programs from the Small Business Administration and Department of Education.

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Sen. Rand Paul Proposes Fed Audit as Regional Bank Bailout Hits $141 Billion

South Carolina Sun Staff

Legislation offered by Sen. Rand Paul (R-Ky.), the “Federal Reserve Transparency Act of 2024,” would conduct an audit of the U.S. Federal Reserve by the Government Accountability Office (GAO) for the first time since the Dodd-Frank legislation of 2010 required an audit of the central bank’s purchases of mortgage-backed securities.

This time around, the GAO would look at the Fed’s entire balance sheet, including the recently enacted Bank Term Funding Program — now $141 billion according to the central bank’s latest H.4.1. release — that has been lending banks money in exchange for U.S. Treasuries after the spike in interest rates caused there to be a reported $620 billion of unreported losses including regional banks that experienced failures in the interest rate crunch.

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Feds Made $236 Billion in ‘Improper Payments’ Last Year

Just the News
Congress Money

There were $236 billion worth of “improper payments” made under the Biden administration in fiscal year 2023 alone, more than double the amount in fiscal year 2013, Just the News has learned.

According to the Government Accountability Office, the potential for waste, fraud, and abuse from erroneous payments runs across the spectrum of federal agencies. 

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