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GAO Reports – GAO FY2017 Budget Request, Troubled Asset Relief Program

  • Fiscal Year 2017 Budget Request: U.S. Government Accountability Office, GAO-16-409T: Published: Mar 8, 2016. Publicly Released: Mar 8, 2016: “In fiscal year 2015, GAO’s work resulted in an unprecedented return of about $134 for every dollar invested in GAO, generating an estimated $74.7 billion in financial benefits. Implementation of GAO’s recommendations also led to 1,286 program and operational improvements across the federal government and many important contributions to budget appropriations and authorization legislation enacted by the Congress.”
  • Troubled Asset Relief Program: Treasury Should Estimate Future Expenditures for the Making Home Affordable Program, GAO-16-351: Published: Mar 8, 2016. Publicly Released: Mar 8, 2016: “The U.S. Department of the Treasury (Treasury) monitors activity and aggregate expenditures under its Troubled Asset Relief Program (TARP)-funded Making Home Affordable (MHA) program, but it has not instituted a system to review the extent that it will use the full available program balance ($7.7 billion as of October 16, 2015). In a July 2009 report, GAO found that Treasury’s estimates of program participation may have been overstated, reflecting uncertainty caused by data gaps and assumptions that had to be made, and recommended that Treasury periodically review and update its estimate.”

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