GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
In fiscal year 2005, the federal government spent nearly $117 billion on capital investments intended to yield long-term benefits for its operations. Effective capital planning ensures that the sizable investments made by federal agencies result in the most efficient return to taxpayers.
In March 2005, the Department of Energy (DOE) reported the discovery of a series of e-mail messages written in the late 1990s by U.S. Geological Survey (USGS) employees working under a contract with DOE on the Yucca Mountain Project.
The Department of Energy (DOE), the largest civilian contracting agency in the federal government, spends over 90 percent of its annual budget on contracts to operate its facilities and carry out its diverse missions.
Prior to the 1998 privatization of the U.S. Enrichment Corporation (USEC), the Department of Energy (DOE) transferred about 45,000 metric tons of natural uranium to USEC to, among other things, be enriched to fulfill USEC's nuclear fuel contracts.
GAO is releasing two reports today on U.S. efforts to combat nuclear smuggling in foreign countries and in the United States. Together with the March 2005 report on the Department of Energy's Megaports Initiative, these reports represent GAO's analysis of the U.S.
The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget (OMB), is required to annually prepare and submit audited financial statements of the U.S. government to the President and the Congress.