Pursuant to this review, staff has found numerous instances in which the situation on the ground conflicts with official reports. Of enormous concern, the situation in the Gulf is actually more dysfunctional and dire than what has been portrayed through official reports and press accounts based on official information. This blurring of reality is exacerbating problems with the clean-up effort.
This Report describes the Commission’s most significant recent failures, outlines the long-term, systemic causes of these failures, and recommends that Congress constructively reform the agency through legislation and enhanced oversight.
This report attempts to explain the discrepancies between the stimulus claims made by the Administration and the facts in an attempt to arrive at a conclusion about who’s right on stimulus job creation: the Obama Administration or the 89% of the American public who do not believe the stimulus has created jobs?
ACORN officials, however, appear to be trying to dupe government officials and the American public through false and misleading claims about ending operations.
Since the publication of the initial report, however, the White House authorized CNCS to produce additional documents to the Committees. The Department of Justice also provided additional documents. This update and supplement to the initial report will present and analyze some of these additional documents to determine whether the conclusions in the initial report need to be modified in light of the new information.
In its current form, HAMP both hurts homeowners who might otherwise spend their trial-period mortgage payments on rent and also distorts the housing market, delaying any recovery. Treasury owes American taxpayers and homeowners an honest explanation of HAMP’s ill-advised creation and ongoing mismanagement.
WASHINGTON, D.C. - House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) today released a report,"Midway through the 111th Congress: Creating Accountability and Transparency under One-Party Rule." From the report: "As the Minority Members of U.S. House of Representatives chief watchdog committee, with jurisdiction to investigate all federal…
This report adds new evidence confirming these previous findings of ACORN’s misconduct in addition to a closer examination of ACORN’s financial transactions and fundraising that define the organization as a political machine.
The benefits of tort reform are clear and offer the opportunity to help Americans who cannot afford health insurance obtain it, for those who have health insurance to pay lower premiums, and for all Americans to be treated by health professionals who are focused on patients instead of potential lawsuits.
On September 15, 2008, the three major credit ratings agencies downgraded AIG’s credit rating due to rising calls for AIG to post billions of dollars in cash collateral. These collateral calls, combined with the ratings downgrade (which triggered calls for more collateral under the terms of the contracts), put AIG on the verge of a bankruptcy filing. The following day, September 16, 2008, the Federal Reserve Board, with the support of the Treasury Department, authorized the Federal Reserve Bank of New York to lend up to $85 billion to AIG to enable AIG to avoid filing for bankruptcy. Federal officials claimed that an AIG bankruptcy would lead to systemic consequences across the U.S. and international economies.