- Financial Audit: Bureau of the Public Debt’s Fiscal Years 2008 and 2007 Schedules of Federal Debt, GAO-09-44, November 07, 2008: “in response to the nation’s growing financial crisis, on October 3, 2008, the President signed into law legislation authorizing the Secretary of the Treasury to purchase up to $700 billion in troubled assets from financial institutions. This legislation increased the statutory debt limit by $700 billion to $11,315 billion. These increases in the statutory debt limit were the fourth and fifth such occurrences since fiscal year 2004.”
- Federal Research: Opportunities Exist to Improve the Management and Oversight of Federally Funded Research and Development Centers, GAO-09-15, October 08, 2008: “In 2006, the federal government spent $13 billion–14 percent of its research and development (R&D) expenditures–to enable 38 federally funded R&D centers (FFRDCs) to meet special research needs. FFRDCs–including laboratories, studies and analyses centers, and systems engineering centers–conduct research in military space programs, nanotechnology, microelectronics, nuclear warfare, and biodefense countermeasures.”
- The Nation’s Long-Term Fiscal Outlook: September 2008 Update, GAO-09-94R, November 06, 2008: “The federal government faces large and growing structural deficits driven primarily by rising health care costs and known demographic trends. Furthermore, these simulations do not yet reflect recent actions taken by the federal government to support the financial sector.”
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