GOVERNMENT ACCOUNTABILITY OFFICE

JPMorgan Losses Give Boost To US Sen. Sanders' Bank Bill

ator Bernie Sanders (I-VT) is interviewed by a Reuters reporter at Sanders' office in Burlington, Vermont
The recent multibillion-dollar trading loss suffered by JPMorgan Chase & Co. (NYSE: JPM), the country's largest bank by assets, has strengthened the case against letting bank executives serve as directors of Federal Reserve regional banks and thus regulating themselves, policy makers say.
F-35

F-35 Lifetime Cost Estimate - $1.45 Trillion: Study

The U.S. government now projects that the total cost to develop, buy and operate the Lockheed Martin Corp F-35 Joint Strike Fighter will be $1.45 trillion over the next 50-plus years, according to a Pentagon document obtained by Reuters.
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Horse slaughter

Horse Slaughter Coming Back to U.S. Soon?

In states like South Dakota and Texas, and others in the Midwest, the movement to get the horse slaughter business up and running again in the U.S. is active. State lawmakers in South Dakota, for instance, had introduced a state constitutional amendment to provide for the purchase, construction and operation of a horse processing plant. The proposed legislation failed, but it's a sign that combined with the end of the federal ban that horse meat slaughter houses may be back in the U.S...
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Regional Feds urged to avoid conflicts of interest

Regional Federal Reserve banks' heavy reliance on directors linked to the financial industry can suggest conflicts of interest and the process of excluding officials from certain decisions should be clearer, a congressional study released on Wednesday found.
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Pentagon Defends Efforts to Fight Waste

The Pentagon on Monday defended its efforts to eliminate wasteful wartime spending in Iraq and Afghanistan, as two new reports accused it of squandering tens of billions of dollars while tripling the amount of no-bid contracts.

Snubbed By Huntsman, Iowa Responds

Iowa Secretary of State Matt Schultz blasted presidential hopeful Jon Huntsman today after Huntsman declined to visit Iowa, citing his opposition to ethanol subsidies.

Spiraling debt points to dollar free fall; 'there won’t be anyone to bail out US'

Experts warn that the worsening of the debt crisis means dramatic hike in interest rates, a free fall of the dollar and higher inflation. The negative impact of this scenario will be felt across the world, bedeviling economic recovery everywhere. Critics say the Federal Reserve mandarins are engaging in the outright destruction of the dollar.
An honor guard trumpeter plays during the ceremony on the ninth anniversary of the 9/11 attacks at the site of Ground Zero in New York September 11, 2010.

Lawmakers tangle on Zadroga bill

The partisan tensions surrounding the healthcare and compensation bill for sick Ground Zero workers today broke into an open war of words between U.S. Sen. Mike Enzi, R-WY, and two of the bill’s authors.
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GAO finds gaps in wireless security at federal agencies

The U.S. Government Accountability Office found several gaps in the security of wireless networks used by federal agencies and made several recommendations to enhance safety, according to a report published on Tuesday.

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