AICPA and CIMA Upgrade CGMA Professional Qualification to Reflect the Expanding Role of Modern Finance
Jun 09, 2025
CBO
Cost Estimate
June 13, 2025
As ordered reported by the House Committee on Homeland Security on April 9, 2025
Cost Estimate
June 13, 2025
As reported by the Senate Committee on Foreign Relations on April 28, 2025
Report
June 12, 2025
CBO analyzes the recent availability, use, and operating and support costs of F-35 fighter aircraft. As F-35s have aged, their availability and use have decreased and have been lower than those of other fighter aircraft of the same age.
Report
June 12, 2025
CBO responds to a request for an analysis of the distributional effects of H.R. 1, the One Big Beautiful Bill Act, and updates the preliminary analysis it provided in a letter dated May 20, 2025.
Report
June 12, 2025
CBO estimates that enacting H.R. 1 and making 16 tax provisions within H.R. 1 permanent would raise debt-service costs by $687 billion over the 2025–2034 period and increase the bill's cumulative deficit effect to $4.5 trillion.
Interactive
June 12, 2025
CBO's interactive tool allows users to explore how H.R. 1, the One Big Beautiful Bill Act, as passed by the House of Representatives on May 22, 2025, would affect the economic resources available to households grouped by income.
Cost Estimate
June 11, 2025
As ordered reported by the House Committee on Veterans’ Affairs on May 6, 2025
Cost Estimate
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 30, 2025
Cost Estimate
June 11, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 30, 2025
Cost Estimate
June 10, 2025
As ordered reported by the House Committee on Homeland Security on April 9, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 30, 2025
June 13, 2025
GAO
GAO-25-108088
Published: Jun 9, 2025 . Publicly Released: Jun 16, 2025 .
GAO-25-107688
Published: Jun 12, 2025 . Publicly Released: Jun 12, 2025 .
The Defense Production Act authorizes the President to invest in industrial production—and more—to ensure the availability of needed goods and services. This Q&A examines how executive agencies have used this authority and others in the act. Since 2018, agencies have made $3.2 billion in industrial investments under the act. For example, agencies invested in ramping up production of personal protective equipment like gloves and masks...
GAO-25-108497
Published: Jun 12, 2025 . Publicly Released: Jun 12, 2025 .
Authorized federal agencies can use the Defense Production Act to ensure resources critical to national security are available during a public emergency. This can include requiring U.S. companies that make up the "industrial base" to prioritize orders or contracts for goods or services. We testified about the use of such authorities since the act's 2018 reauthorization. For example, agencies spent $3.2 billion to bolster the...
Published: Jun 12, 2025 . Publicly Released: Jun 12, 2025 .
Russia's 2022 invasion made it harder for Ukraine to safely operate its nuclear power plants and secure sites with radioactive materials, which could be used for dirty bombs. U.S. assistance has included providing radiation detectors and emergency power systems. The war also complicated routine fraud prevention measures. For example, it made it harder to verify that purchased equipment was delivered and working. We found the...
GAO-25-107649
Published: Jun 12, 2025 . Publicly Released: Jun 12, 2025 .
The Department of Defense spent, or planned to spend, $10.9 billion to maintain its IT business programs in FYs 2023-25. In our annual assessment, we reviewed 24 of those programs. DOD didn't report required performance measures on all of them—like customer satisfaction levels. We also found: 2 programs didn't have a strategy in place to reduce cybersecurity threats 4 programs hadn't developed plans to implement...
GAO-25-107390
Published: Jun 12, 2025 . Publicly Released: Jun 12, 2025 .
After the Exxon Valdez oil spill in 1989, federal and Alaska state agencies formed a joint office to oversee the Trans-Alaska Pipeline System. The joint office continues to coordinate oversight but has scaled back shared activities since its formation. We found the agencies work together well in some areas but haven't updated common goals. For example, the joint office has a goal to issue public...
GAO-25-107705
Published: Jun 12, 2025 . Publicly Released: Jun 12, 2025 .
The Financial Audit Manual (FAM) presents a methodology for performing financial statement audits of federal entities in accordance with professional standards. It is a tool for enhancing accountability over taxpayer-provided resources. This June 2025 revision replaces Financial Audit Manual, Volume 1 (June 2024 version) and contains the audit methodology. The FAM's other volumes are: Volume 2: detailed implementation guidance Volume 3: the Federal Financial Reporting...
Weapon Systems Annual Assessment:
DOD Leaders Should Ensure That Newer Programs Are Structured for Speed and Innovation
GAO-25-107569Published: Jun 11, 2025 . Publicly Released: Jun 11, 2025 .
Since our last annual assessment, we found that major weapon costs continue to rise as DOD struggles to deliver innovative tech quickly. DOD has been using a streamlined process—known as the "MTA pathway"—to develop and deliver some weapons faster. But even programs on the MTA pathway face delays in developing technologies and getting them into the field. We recommended ensuring that new programs include leading...
GAO-25-108528
Published: Jun 11, 2025 . Publicly Released: Jun 11, 2025 .
On average, the Department of Defense takes almost 12 years to deliver the first version of a weapon system. That's not nearly fast enough to keep up with emerging threats or deliver innovative technology. DOD's development process takes so long because it's more traditional—with rigid, sequential steps. Reform efforts so far have mostly been workarounds to the current system. Our prior work has shown that...
GAO-25-107273
Published: Jun 11, 2025 . Publicly Released: Jun 11, 2025 .
How does IRS know that people are who they say they are when they file their taxes or access online taxpayer resources? IRS relies on one vendor, ID.me, to prove taxpayers' identities for many of its applications. Usually, the process entails uploading documentation—e.g., a driver's license—and providing biometric evidence, like a selfie. IRS monitors some aspects of the process, such as safeguarding taxpayer privacy—but can...
GAO-25-107470
Published: Jun 11, 2025 . Publicly Released: Jun 11, 2025 .
The Department of Homeland Security's Continuous Diagnostics and Mitigation (CDM) program gives agencies cybersecurity tools to strengthen the networks and systems they use to meet their missions. While the program has met two of its goals, it lacks sufficient guidance for managing network security and data protection. The program generally supports government-wide cybersecurity initiatives, but DHS's Cybersecurity and Infrastructure Security Agency hasn't finalized all plans...
GAO-25-107143
Published: Apr 8, 2025 . Publicly Released: Jun 9, 2025 .
When it's unclear who controls a company that's participating in federal programs, there's greater risk of fraud. For example, we reported on a scheme where a company owner obscured his identity to claim a contract set aside for disabled veterans. Other cases include hidden foreign ties. A 2024 law directed some companies to report "beneficial ownership" information to the Treasury Department. Law enforcement and inspectors...
GAO-25-108525
Published: Jun 10, 2025 . Publicly Released: Jun 9, 2025 .
We testified about how Department of Homeland Security components—such as the U.S. Coast Guard and U.S. Customs and Border Protection—are combating illicit maritime activity like drug smuggling. These activities—and the criminal organizations that conduct them—are significant threats to national security. In prior work, we identified government coordination challenges that hinder U.S. efforts to confront illicit maritime activities and recommended ways to improve. Our prior 23...
GAO-25-108042
Published: Jun 2, 2025 . Publicly Released: Jun 9, 2025 .
GASB
13 Jun 2025
13 Jun 2025
13 Jun 2025
12 Jun 2025
11 Jun 2025
IR-2025-67, June 12, 2025 — The U.S. Department of the Treasury and the Internal Revenue Service today issued Notice 2025-33 extending and modifying the transition relief provided in Notice 2024-56 for brokers who are required to file Form 1099-DA to report certain digital asset sale and exchange transactions by customers.
2025-90
Washington D.C., June 13, 2025 —The Securities and Exchange Commission today announced that Erik Hotmire will return to the SEC as Chief External Affairs Officer and Director of the Office of Public Affairs, effective June 16, 2025.
2025-89
Washington D.C., June 13, 2025 — The Securities and Exchange Commission today announced that Kurt Hohl, with nearly 40 years of accounting and auditing experience, has been named Chief Accountant, effective July 7, 2025.
2025-88
Washington D.C., June 13, 2025 — The Securities and Exchange Commission today announced that investment management industry leader Brian T. Daly will become the new Director of the Division of Investment Management, effective July 8.
2025-87
Washington D.C., June 13, 2025 — The Securities and Exchange Commission today announced the appointment of Jamie Selway, an accomplished financial markets leader, as Director of the Division of Trading and Markets, effective June 17, 2025
2025-86
Washington D.C., June 11, 2025 — The Securities and Exchange Commission, together with the U.S. Commodity Futures Trading Commission, today voted to extend the compliance date until Oct. 1, 2025.
2025-83
Washington D.C., June 10, 2025 — TThe Securities and Exchange Commission announced today that it will immediately resume processing new and pending registration applications of investment advisers with their principal office and place of business in Switzerland.
TIGTA
June 11, 2025
June 9, 2025
