Senate Hearing Will Examine Use of Performance Information

Sen. Carper's (D-DE) Homeland Security and Government Affairs Subcommittee on Federal Financial Management, Government Information and International Security is scheduled to hold a hearing this Thursday, Sept. 24, on the use of performance information within federal agency decision-making processes.

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TARP "Investment" May Not Pay Off

A new report by GAO on Uncle-Sam-dependent AIG finds that the insurance giant is "stabilizing" due to the $182 billion in financial assistance from the Treasury Department and the Fed. However, the "the ultimate success of AIG’s restructuring and repayment efforts remains uncertain."

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Everyone Who Wants the Government to Continue Functioning, Say "Aye"

Washington, DC Skyline

National Journal (subscription required) is reporting today that the House plans on taking up stopgap legislation on Wednesday to continue funding the federal government after appropriations for the year run out on Sept. 30.

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Are Agencies Slow to Spend Recovery Act Funds?

ProPublica's Christopher Flavelle makes an interesting observation about Recovery Act spending to date.

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OMB Watch Appeals Recovery Act FOIA Decision

Back when the Recovery Board released the Recovery.gov redesign contract, many in the transparency community were upset at the extent to which the General Services Administration redacted the contract. While we certainly expected General Services Administration (GSA) - the agency which conducts most of the federal government's procurement - to redact proprietary information, the document had massive swaths blacked out, including such ridiculous sections as the number of peak users and one part titled "Introduction."

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House Considers Scrapping Virtual Border Fence

The Government Accountability Office (GAO) released a new report yesterday before a House Homeland Security Subcommittee hearing on the embattled Secure Border Initiative (SBI) program - a multi-billion dollar program designed to secure the U.S. borders. A subset of that program, called SBInet is supposed to be building a fancy, virtual fence along the U.S. southern border. The program, begun during the Bush administration, has consistently been behind schedule and over budget - and that's when the new technologies have worked at all. And now it looks like Congress may want to cancel the program altogether.

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Two Conferences on Debt, One Proclaims Debt Good, the Other Declares Debt Bad

The New America Foundation

I should mention that the first conference – sponsored by the New America Foundation on Tuesday – discussed the merits of short-term deficit spending in the midst of a recession, while the second academic panel – held yesterday and sponsored by the Peterson-Pew Commission on Budget Reform – discussed the mountainous mid- to long-term debt anticipated with the looming entitlement crisis. The distinction is important, yet often lost in discussions of deficits and debt.

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Panel Begins Work on Dissecting the Financial Crisis

The Financial Crisis Inquiry Commission, a 10-member, bi-partisan, group of congressional appointees charged with determining the causes of last year's financial markets meltdown will begin its work today. The crisis resulted in a $700 billion appropriations bill and trillions of dollars in loan guarantees from the Fed, and now the FCIC will put the events that lead to the systemic breakdown under a microscope.

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Inspectors General Unable to Alleviate Congressional Fears of Fraud in Af-Pak Theater

U.S. Army

The recently coordinated Southwest Asia Joint Planning Group, comprised of several Inspectors General and a representative of the Government Accountability Office (GAO), came before a House Oversight and Government Reform subcommittee hearing last week to testify on the oversight of U.S. resources in Afghanistan and Pakistan. To the chagrin of the subcommittee, though, the assembly of government overseers provided no overarching strategy to combat waste, fraud, and abuse, and little in the way of proactive solutions to help prevent the future squandering of U.S. resources. It is debatable, of course, whether it was fair for the subcommittee to expect as much.

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CBO Jumps to 20-Year Budget Window for Health Care

There is an interesting article ($) in CQ this morning about a possible change in forecasting techniques used by the Congressional Budget Office (CBO). Sen. Kent Conrad (D-ND), Chairman of the Senate Budget Committee, announced on Monday that CBO would likely provide cost estimates for the forthcoming Senate health care reform bill beyond the standard 10-year budget window - extending that window to 20 years.

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