You Searched For "GAO report" and got 20 results
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2 mins read
Singapore is cracking down on crypto ATMs to prevent buying 'highly risky' assets on impulse
"The trading of cryptocurrencies is highly risky and not suitable for the general public," the cent…
Isabelle Lee
2 mins read
The US Navy botched the design of its new $1 billion frigates: report
A watchdog report found flaws in the US Navy's designs for its guided-missile frigates, stalling co…
Ella Sherman
4 mins read
Millions of student-loan borrowers just got closer to relief, but a government report found thousands more are likely 'entitled' to forgiveness
Income-driven repayment plans are meant to make monthly payments manageable for low-income borrower…
Ayelet Sheffey
3 mins read
Half of US states worry they'll run out of COVID-19 tests, and even more fear they won't have the supplies to distribute a vaccine, according to a government report
States were seeing shortages of personal protective equipment and testing supplies nine months into…
Grace Dean
3 mins read
Student-loan forgiveness for millions of low-income borrowers could be jeopardized by 'harmful servicing practices,' 4 advocacy groups say
The groups told student-loan industry leaders they will use "every tool" at their disposal to ensur…
Ayelet Sheffey
2 mins read
7,700 student-loan borrowers could be 'potentially eligible' for debt forgiveness — but they're still making payments, government watchdog finds
The GAO also found that since June 2021,157 student-loan borrowers have achieved forgiveness throug…
Ayelet Sheffey
2 mins read
7.8 million student-loan borrowers are at 'high-risk' of being unable to pay if Biden resumes payments in May, analysis says
The student-loan payment pause was vital in raising borrowers' credit scores, California Policy Lab…
Ayelet Sheffey
2 mins read
Student-loan payments resume in 90 days. Here's how the Education Department plans to make the transition easier for borrowers.
Student-loan payments resume on May 1, and flexibilities Biden will implement for borrowers include…
Ayelet Sheffey
4 mins read
'Starvation wages': Walmart and McDonald's among firms with the most workers on food stamps and Medicaid, according to a Bernie Sanders-commissioned report
"Giant corporations pay starvation wages – wages so low their workers have to rely on Medicaid and …
Grace Dean
2 mins read
Government watchdog says Trump's acting homeland security chief is not legally eligible to serve in the role
Trump has repeatedly appointed people to top government roles in an acting capacity, bypassing the …
John Haltiwanger
4 mins read
China begins mass testing in Beijing as 67 new cases appear
The market became a hotspot after it reported several new COVID-19 cases.Out of all the samples, 12…
PTI
3 mins read
US military barracks are so neglected that troops in one facility are left to clean up 'biological waste that may remain in a barracks room after a suicide,' government report says
Squatters were even found in some barracks, which are so badly maintained they are affecting the me…
Matthew Loh
3 mins read
Fires are starting on US warships in port more often than reported, watchdog finds, and it's giving the Navy a 'false sense of security'
The US Navy doesn't have a clear picture of the fire problem on portside ships and isn't learning t…
Ryan Pickrell
1 min read
LeEco gets new APAC President and secures US$600 million new funding
On the financing front, LeEco has secured a US$600 million of funding from major Chinese institutio…
2 mins read
Biden's student-loan debt forgiveness would cost $300 billion, report says — less than half of the defense budget
Biden's plan to reportedly cancel $10,000 in debt for some borrowers would cost a little under $330…
Juliana Kaplan,Ayelet Sheffey
1 min read
Pausing student-loan repayments cost the US $102 billion, report says, as Biden considers forgiving some debt outright
As Biden considers whether to forgive $10,000 in student loans, an official report estimated the co…
Mia Jankowicz
3 mins read
Notices informing student-loan borrowers of debt relief have contained 'grammatical errors and incomplete sentences' and looked like a scam, a government watchdog report finds
When a school closes down, student-loan borrowers are entitled to relief. But a GAO report found is…
Ayelet Sheffey
2 mins read
A US government report urges tighter rules around crypto ATMs to clamp down on human trafficking and drug dealing
The GAO report pointed out a loophole in regulations that cover crypto ATMs that could aid illicit …
Isabelle Lee
2 mins read
France Bombs Targets In Mali Again As Islamists Reemerge In Gao
France launched its operation on January 11, responding to a cry for help from Mali's interim gover…
Agence France Presse
3 mins read
The US Navy is not ready to repair ships damaged in a great power fight with China or Russia, watchdog reports
The Navy needs to fix this given "the rise of 21st century adversaries capable of producing high-en…