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North Carolina fails to provide enough or consistent oversight to ensure hundreds of millions of dollars disbursed to nonprofits annually from state agencies are used appropriately, a legislative watchdog agency said Monday.
D.C. Councilman Jim Graham is giving up oversight of the city's taxicabs after his chief of staff was charged with taking a bribe from a member of the industry.
The Treasury Department has decided not to challenge the independence of the government watchdog agency that Congress created to oversee spending of the $700 billion rescue package for the financial sector.
Two senior congressional Democrats pointedly called on the Obama administration Tuesday to make the $700 billion financial bailout program more visible and accountable to taxpayers, with one complaining that the Treasury Department's approach to the fund is, "Don't ask, don't tell."
There is less safety oversight of "on-demand" flight operators than commercial airlines even though those smaller operations are often riskier, a federal watchdog said Thursday.
The Internet's key oversight agency is considering a centralized database of trademark holders, to cut down on questionable registrations of new Internet addresses.
A former U.S. attorney and New Jersey's Republican gubernatorial candidate Thursday defended an arrangement in which one-time Attorney General John Ashcroft's consulting firm made millions of dollars monitoring a controversial deferred prosecution agreement.
The Treasury Department should deny American International Group Inc. a $30 billion "contingency" bailout until the company agrees to take back millions in bonuses and negotiate cheaper exits from its financial contracts, congressional auditors said Tuesday.
President Barack Obama plans to announce Monday a former Secret Service agent who helped expose lobbyists' corruption at the Interior Department as his pick to oversee the $787 billion economic stimulus plan.
The Bush administration overpaid tens of billions of dollars for stocks and other assets in its massive bailout last year of Wall Street banks and financial institutions, a new study by a government watchdog says.
Waste and corruption that marred Iraq's reconstruction will be repeated in Afghanistan unless the U.S. transforms the unwieldy bureaucracy managing tens of billions of dollars in infrastructure projects, government watchdogs warned Monday.
A new commission examining waste and corruption in wartime contracts got a grim report from government watchdogs who say poor planning, weak oversight and greed combined to soak U.S. taxpayers and undermine American forces in Iraq and Afghanistan.
We may never know whether the government's $700 billion bailout of the financial industry worked, according to a new report from congressional auditors. That's because it will be impossible to sort out which of the government's spending and other tinkering has made a difference, according to the report released Friday by the Government Accountability Office.
The European Commission suggested Monday that the European Union should help fund private-sector financial oversight groups to make them independent of the market.
A key lawmaker said Friday he expects the House to act soon to impose conditions on any new release of the second $350 billion in federal bailout funds, with a mandate that between $40 billion and $100 billion go to help struggling borrowers avoid foreclosure.
President-elect Barack Obama's economic team is broadening the mission of the $700 billion bailout for the financial sector, aiming to unfreeze credit for homeowners, consumers, small businesses and local governments.
Four very rich former housing chiefs lined up before a House panel for a fresh spanking over the nation's economic crisis, but one — former Fannie Mae chief executive Daniel Mudd — captured the attention of Rep. Bruce Braley.
A House panel voted Wednesday to cite Karl Rove, formerly President Bush's top aide, for contempt of Congress as its Senate counterpart explored punishment for alleged misdeeds by other administration officials.
A poorly run Pentagon program for providing workman's compensation for civilian employees in Iraq and Afghanistan has allowed defense contractors and insurance companies to gouge American taxpayers, a House committee said Thursday.
Former Attorney General John Ashcroft denied any conflict of interest Tuesday in getting a multimillion-dollar contract to monitor a corporation accused of bribing surgeons.
Former Attorney General John Ashcroft denied any conflict of interest Tuesday in connection with a multimillion dollar arrangement with the Justice Department to monitor a corporation accused of wrongdoing.
Former Attorney General John Ashcroft has agreed to appear at a federal hearing looking into no-bid contracts he and others received to monitor out-of-court corporate settlements.
In this new era of divided government, the congressional hearing room is where the executive and legislative branches will clash.
Scrutinizing the scrutinizers... And you think we have too much government bureaucracy? This story from the London Telegraph got me to thinking: How about a congressional oversight committee to oversee the committees that oversee Congress' oversight committees? It's probably just a matter of time.
Defense Department's Top Auditor Forced From Post - ABC NewsThe Pentagon's chief auditor was forced from her post Monday following sharp criticism from lawmakers over failures to hold defense contractors accountable for overcharges and poor performance.
Senator to Pentagon: Stop the Sweetheart Russian Helo Deals"At issue are a series of ad hoc decisions that were made to buy Russian helicopters for Iraq, Afghanistan and Pakistan, much of it financed by U.S. taxpayer dollars.
Consumer advocates may join overseersWASHINGTON - House Financial Services chairman Barney Frank, assembling a bill to overhaul financial regulations in hopes of preventing another economic meltdown, agreed yesterday to add consumer and community advocates to an oversight board that would monitor the credit industry …
Gift ban ruling violates spirit of Amendment 41 - The Denver PostOnce again a government agency has chosen to disregard a law purposely enacted to control the activity of government officials.
Federal Reserve scandal bigger than ACORN Just what exactly have they done with our money?
Auditing the Auditors: Contractor Oversight AWOLThis explains a lot: Little league teams have more players than the Defense Contract Management Agency (DCMA) has staffers overseeing how military contractors are spending the government's money.
SPIEGEL Interview with Goldman Sachs CEO: 'We Didn't Realize How Bad Things Would Get' In a SPIEGEL interview, Goldman Sachs CEO Lloyd Blankfein, 55, discusses his astronomical bonuses, the mistakes and failures of his bank prior to the start of the global financial crisis and his proposals for better regulating financial markets.
Allen Stanford Appointed Public Defender - ABC NewsFlamboyant former billionaire financier 'Sir' Allen Stanford has been ordered a public defender in his $7 billion fraud case because he has no money for an attorney. Share Houston financier, accused of helming a ponzi scheme, emotionally speaks out.
Prosecutors in Iraq Case See Pattern by GuardsPrivate security guards who worked for Blackwater repeatedly shot wildly into the streets of Baghdad without regard for civilians long before they were involved in a 2007 shooting episode that left at least 14 Iraqis dead, federal prosecutors charge in a new court document.
Doping up our children The state's Department of Children and Families is under fire again, and rightly so.
Jeremy Scahill: We Need a Special Prosecutor for Blackwater and Other CIA "Contractors"Some parts of Blackwater's clandestine work for the CIA have begun to leak out from behind the iron curtain of secrecy.
CPS under fire in death of Emma Thompson | Viewpoints, Outlook | Chron.com - Houston ChronicleForgive us dear Lord oh how we have failed your children. It's not bad enough that we allow stravation and slave labor but this was in our own back yard. Note the child's mother was a nurse and worked in the health industry.
IG: Trillions at risk in potential losses under bailouts Dozens of federal bailout programs have exposed the federal government to trillions of dollars in potential losses, and inspectors general don't have enough information to track the spending, according to Neil Barofsky, the special inspector general in charge of the Troubled As …
Democrats May Investigate Secret Program - washingtonpost.comHouse Democrats said yesterday that they expect to launch a formal investigation into a secret CIA program that was not disclosed to Congress for almost eight years, a probe that could entangle senior Bush administration officials who oversaw intelligence issues.
CIA Elephant: Cultural Collision Challenges Congressional OversightThere's something so lame to consider regarding the Panetta CIA statement... an old lesson from Sister Mary Listenup " The road to hell is paved w good intentions"
Timing of Treasury Department challenge, AIG probe raises concernsA Treasury Department challenge to the authority of government bailout watchdog Neil M. Barofsky came just as he had begun a sensitive investigation of the department's role in approving bonuses to executives of insurance giant AIG, sources said Thursday.
Forsyth, GA - A 2009 View of our Values | In the first five months of this year the US and the world are grappling with catastrophic economic, financial, and personal security dynamics that societies have not experienced in 3/4 of a century.
GM Heads to Bankruptcy Despite Bailout FundsThis is what the link on CNN's homepage for this article read: "Filing for bankruptcy may not be so bad for GM." As I read that link, I couldn't help but wonder why we dumped so much money (billions, awarded more than once) into GM from the bailout funds? If I'm not mistaken, w …
FDIC Looks for Fast Track Authority to Shut Off Troubled Bank Holding CompaniesI know of one brand new bank holding company that states they're not in trouble. They're even trying to play beat-the-clock to repay TARP funds. Nothing in that bank holding company moves quickly unless a personal checkbook is behind it.
Bernake Urges GLBA - Gramm Leach Bliley Changes for Bank Holding Companies"In these circumstances, it's very hard for the authorities to fight allegations of crony capitalism," Rajan said later. "The public senses two sets of rules — one for the systemically important and the other for the rest of us."
Stimulus Oversight Left Up to the TaxpayersSo just who's tracking that $787 billion in taxpayer money that President Obama and the Democrat-led Congress are doling out? You are. Or you're supposed to be, anyway.
Bailout Oversight Bill Signed Into LawPresident Barack Obama today signed into law a bill introduced and championed by U.S.
Corporate Leaders Push for Firms to Improve Oversight by Separating RolesSegregation of duties alleviates the notion of absolute power, collusion and corruption. The effort to separate the roles of chairman and chief executive at U.S. public companies is gaining in popularity.
Bailout Billions Dished Out in the ShadowsThis is crazy! Forget the bleating of Rush Limbaugh; the problem is not with the quite reasonable and, if anything, underfunded stimulus package, which in any case will be debated long and hard in Congress.
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