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GAO Report on Federal Real Property Funding Challenges

The GAO has released a report highlighting funding challenges for federal real property management, impacting capital projects, maintenance, and disposal efforts. The report identifies recommendations for Congress and agencies, including addressing underutilized space and exploring alternative budgetary structures.

FDIC Financial Statements and Controls Audit 2025

The GAO has released its annual audit report for the Federal Deposit Insurance Corporation (FDIC). The report found that the financial statements for the Deposit Insurance Fund and the FSLIC Resolution Fund for the years ended December 31, 2025, and 2024, were reliable, and internal controls over financial reporting were effective for 2025.

US Banking Agencies' Withdrawal from Climate Risk Network

The GAO reported that the Federal Reserve, OCC, and FDIC joined the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) between 2020 and 2022 to understand climate risks. The agencies withdrew in 2025, citing changed priorities and inconsistency with their safety and soundness mandates.

GAO Review of PCORI's FY 2025 Financial Audit

The GAO has reviewed the Patient-Centered Outcomes Research Institute's (PCORI) FY 2025 financial audit. The review found no significant issues, and PCORI's auditor issued an unmodified opinion on its financial statements. PCORI concurred with the auditor's conclusions.

GAO Report on Flood Risk Mitigation, Fiscal Exposure, and Affordability

A GAO report highlights that while FEMA's new rate-setting methodology improves actuarial soundness for flood insurance, significant reforms are still needed. Repetitive loss properties, though a small percentage of policies, account for a disproportionate share of claims, contributing to the National Flood Insurance Program's fiscal exposure and highlighting challenges in mitigation efforts.

Government Strategy Needed to Counter Consumer Scams

The GAO has issued a report highlighting the need for a government-wide strategy to counter consumer scams, noting that 13 federal agencies operate independently without a coordinated approach. The report also identifies limitations in current complaint reporting and data collection, preventing a comprehensive estimate of scam numbers and financial losses.

GAO Report: Offshore Wind Projects Use U.S. and Foreign Vessels

A GAO report indicates that while U.S. flag vessels are used for support activities in offshore wind projects, large, specialized installation vessels are often foreign-flagged. The report also notes that investment in new U.S.-built offshore wind vessels is limited, partly due to lengthy application processes for financial assistance programs.

GAO Report: Debt Limit Impasses Disrupt Markets and Increase Taxpayer Costs

A GAO report published March 25, 2026, details how debt limit impasses have disrupted financial markets and increased U.S. borrowing costs by an estimated $107 million to $161 million between 2011 and 2023. The report reiterates a prior recommendation to replace the current debt limit process with one that better aligns debt decisions with spending and revenue.

GAO Report: Nuclear Waste Cleanup Definition Clarification Needed

The GAO has released a report highlighting ambiguities in the Department of Energy's (DOE) statutory definition of "high-level radioactive waste" that hinder its cleanup mission. The report suggests that clarifying this definition could lead to significant cost savings, potentially in the tens of billions of dollars, by allowing more waste to be treated and disposed of as less expensive low-level or transuranic waste.

Army Restructures Vertical Lift Portfolio, Increases Drone Investment

The GAO has reported that the Army restructured its vertical lift portfolio in February 2024, canceling the Future Attack Reconnaissance Aircraft (FARA) due to cost concerns and increasing investment in drones and the Future Tactical Unmanned Aircraft System (FTUAS). This shift involved approximately $7.3 billion in planned spending adjustments.