Financial markets (1 - 10 of 20 items)
Debt Limit: Market Response to Recent Impasses Underscores Need to Consider Alternative Approaches
GAO-15-476: Published: Jul 9, 2015. Publicly Released: Jul 9, 2015.
During the 2013 debt limit impasse, investors reported taking the unprecedented action of systematically avoiding certain Treasury securities—those that matured around the dates when the Department of the Treasury (Treasury) projected it would exhaust the extraordinary measures that it uses to manage federal debt when it is at the limit. For the affected Treasury securities, these actions result...
Fragmentation, Overlap, and Duplication: An Evaluation and Management Guide
GAO-15-49SP: Published: Apr 14, 2015. Publicly Released: Apr 14, 2015.
To supplement its annual reports on fragmentation, overlap, and duplication, GAO has developed a guide for analysts—including federal, state, and local auditors; congressional staff; researchers; and consultants—and policymakers—including congressional decision makers and executive branch leaders. Using this guide, analysts and policymakers can identify and evaluate instances of fragmentatio...
Strategic Sourcing: Selected Agencies Should Develop Performance Measures on Inclusion of Small Businesses and OMB Should Improve Monitoring
GAO-14-126: Published: Jan 23, 2014. Publicly Released: Feb 24, 2014.
The Office of Management and Budget (OMB), the General Services Administration (GSA), and selected agencies have taken steps to consider small businesses, including small disadvantaged businesses, in their strategic sourcing efforts. (Small disadvantaged businesses are those unconditionally owned and controlled by socially and economically disadvantaged individuals.) OMB and GSA have developed gui...
Securities And Exchange Commission: Continued Management Attention Would Strengthen Internal Supervisory Controls
GAO-13-314: Published: Apr 18, 2013. Publicly Released: Apr 18, 2013.
After the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) in 2010, the Securities and Exchange Commission's (SEC) Office of Compliance Inspections and Examinations, Division of Corporation Finance, and Division of Enforcement (herein "the offices") established a working group that developed an internal supervisory control framework. Internal supervisory co...
2013 Annual Report: Actions Needed to Reduce Fragmentation, Overlap, and Duplication and Achieve Other Financial Benefits
GAO-13-279SP: Published: Apr 9, 2013. Publicly Released: Apr 9, 2013.
This 2013 annual report identifies 31 areas where agencies may be able to achieve greater efficiency or effectiveness. Within these 31 areas, we include 17 areas of fragmentation, overlap, or duplication where multiple programs and activities may be creating inefficiencies. Although it may be appropriate for multiple agencies or entities to be involved in the same programmatic or policy area due t...
Government Efficiency And Effectiveness: Opportunities to Reduce Fragmentation, Overlap, and Duplication and Achieve Other Financial Benefits
GAO-13-496T: Published: Apr 9, 2013. Publicly Released: Apr 9, 2013.
In summary, GAO's 2013 annual report identifies 31 new areas where agencies may be able to achieve greater efficiency or effectiveness. Within these 31 areas, GAO identifies 81 actions that the executive branch or Congress could take to address the issues GAO identified. Although it may be appropriate for multiple agencies or entities to be involved in the same programmatic or policy area due to t...
Entrepreneurial Assistance: Opportunities Exist to Improve Programs' Collaboration, Data-Tracking, and Performance Management
GAO-13-452T: Published: Mar 20, 2013. Publicly Released: Mar 20, 2013.
In summary, we found the following:Federal programs that support entrepreneurs are fragmented and overlap based on the type of assistance they are authorized to offer, such as financial (grants and loans) and technical (training and counseling), and the type of entrepreneur they are authorized to serve. Much of the overlap among these 52 programs tends to be concentrated among programs that provid...
Financial Regulatory Reform: Regulators Have Faced Challenges Finalizing Key Reforms and Unaddressed Areas Pose Potential Risks
GAO-13-195: Published: Jan 23, 2013. Publicly Released: Jan 23, 2013.
Implementation of financial regulatory reform is ongoing. Although regulators have made progress in implementing some key reforms required by the Dodd- Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), others remain incomplete. Moreover, the effectiveness of some implemented reforms, as illustrated below, remains to be seen.The Financial Stability Oversight Council (FS...
Government Contracting: Federal Efforts to Assist Small Minority Owned Businesses
GAO-12-873: Published: Sep 28, 2012. Publicly Released: Sep 28, 2012.
While their views varied to some degree, federal agency officials and advocacy groups GAO contacted identified a number of challenges that small, minority-owned businesses may face in pursuing federal government contracts. For example, officials and advocacy groups pointed to a lack of performance history and knowledge of the federal contracting process as significant barriers. Officials from advo...
Housing Assistance: Opportunities Exist to Increase Collaboration and Consider Consolidation
GAO-12-554: Published: Aug 16, 2012. Publicly Released: Sep 17, 2012.
Housing assistance is fragmented across 160 programs and activities. Overlap exists for some products offered, service delivery, and geographic areas served by selected programsparticularly in the Department of Agricultures (USDA) Rural Housing Service (RHS) and Department of Housing and Urban Developments (HUD) Federal Housing Administration (FHA). For instance, RHS, FHA, and the Department...