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Federal Government
GAO: 2014 Audit Work Led To $54 Billion In Financial Benefits PDF Print E-mail
Federal Government
By Administrator   
Tuesday, 18 November 2014 06:25

RALEIGH, (SGRToday.com) - 2014 was a good year for taxpayers, according to the 2014 summary of work released by the U.S. Government Accountability Office.

In its Performance and Accountability report, the GAO says its work led to $54.4 billion in benefits or a $100 return for every $1 invested in the agency.

"We also found 1,288 ways to make government more efficient," according to an agency post on its blog.

"As you’ll see in the report, GAO doesn’t just hold other agencies accountable. Each year, we measure our performance to hold ourselves accountable. In this report, we share our progress and illustrate the benefits of our work for Congress and the nation."

The GAO 2014 report can be found at gao.gov.

 
IG: VA Cybersecurity Effort Doesn't Pass Muster...Again PDF Print E-mail
Federal Government
By Administrator   
Monday, 17 November 2014 06:31

RALEIGH, (SGRToday.com) - Veterans Adminstration officials are bracing for a new Inspector General report that will call out the agency for poor cybersecurity, according to Federalnewsradio.com. It will be the 16th year the agency's efforts have fallen short of expectations.

Last week Veterans Administration officials got word of the results, even though the full report isn't expect to be published until 2015.

Last year the watchdog audit pointed out thousands of problems with cybersecurity and made three dozen recommendations for closing the holes.

Federalnewsradio.com reports agency officials are prepared to counter the new audit by saying they've acted on abouat half of the 2013 recommendations.

 
Federal Weekly Uninsurance Claim Data For Week Ending November 8 PDF Print E-mail
Federal Government
By Administrator   
Friday, 14 November 2014 06:26

RALEIGH, (SGRToday.com) - The U.S. Department of Labor has released detailed jobs data for the week ending November 8. The entire report and charts can be found at dol.gov. The report news release is summarized as follows:
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In the week ending November 8, the advance figure for seasonally adjusted initial claims was 290,000, an increase of 12,000 from the previous week's unrevised level of 278,000. The 4-week moving average was 285,000, an increase of 6,000 from the previous week's unrevised average of 279,000.

There were no special factors impacting this week's initial claims.

The advance seasonally adjusted insured unemployment rate was 1.8 percent for the week ending November 1, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted
insured unemployment during the week ending November 1 was 2,392,000, an increase of 36,000 from the previous week's revised level. The previous week's level was revised up 8,000 from 2,348,000 to 2,356,000.

The 4-week moving average was 2,372,500, an increase of 750 from the previous week's revised average. The previous week's average was revised up by 2,000 from 2,369,750 to 2,371,750

 
GAO Audit Results: Bureau of the Fiscal Service's Fiscal Years 2014 and 2013 Schedules of Federal Debt PDF Print E-mail
Federal Government
By Administrator   
Wednesday, 12 November 2014 06:41

RALEIGH, (SGRToday.com) - The U.S. Government Accountability Office (GAO) has released its findings of an audit of the Bureau of the Fiscal Service Schedules of Federal Debt. The findings are:

"In GAO's opinion, the Bureau of the Fiscal Service's (Fiscal Service) Schedules of Federal Debt for fiscal years 2014 and 2013 were fairly presented in all material respects, and Fiscal Service maintained, in all material respects, effective internal control over financial reporting relevant to the Schedule of Federal Debt as of September 30, 2014. GAO's tests disclosed no instances of reportable noncompliance for fiscal year 2014 with selected provisions of applicable laws, regulations, contracts, and grant agreements related to the Schedule of Federal Debt.

From fiscal year 1997, the first year of audit, through September 30, 2014, total federal debt managed by Fiscal Service has increased by 230 percent and the debt limit has been raised 15 times, from $5,950 billion to $17,212 billion. During fiscal year 2014, delays in raising the debt limit occurred for a total of 16 business days. Also, the debt limit was suspended for the period October 17, 2013, through February 7, 2014, and again from February 15, 2014, through March 15, 2015."

The entire GAO audit, including debt charts and background on why the audit was conducted, can be found at gao.gov.

 
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