Government Accountability Office news and trends

US Government Shuns Checks as GAO Highlights $43 Billion in Card Payments
Digital Payments // June 03, 2025

In March, President Donald Trump signed an executive order that mandated a shift away from paper checks for government-related transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Treasury IG and GAO Investigate DOGE Access to Federal Payment Systems
Politics // February 14, 2025

The Treasury Inspector General and the Government Accountability Office (GAO) are investigating the reported decision by Treasury Secretary Scott Bessent to allow the Elon Musk-led Department of Government Efficiency (DOGE) to access government payment systems. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Lawmakers Question Banking Agencies’ Ties to ‘Opaque’ Global Organization
Regulation // September 16, 2024

Two U.S. lawmakers want the Government Accountability Office (GAO) to help them evaluate the memberships of federal banking agencies in a global governance body, the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). Get the Full Story Complete the form to...

US Lawmaker Asks GAO for Data on Crypto Investments in 401(k) Plans
Cryptocurrency // June 15, 2022

A Massachusetts congressman wants the Government Accountability Office to investigate the risks of allowing cryptocurrency investments through retirement accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Quick Reads
Treasury IG and GAO Investigate DOGE Access to Federal Payment Systems

February 14, 2025
The Treasury Inspector General and the Government Accountability Office (GAO) are investigating the reported decision by Treasury Secretary Scott Bessent to allow the Elon Musk-led Department of Government Efficiency (DOGE) to access government payment systems. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins […]

Lawmakers Question Banking Agencies’ Ties to ‘Opaque’ Global Organization

September 16, 2024
Two U.S. lawmakers want the Government Accountability Office (GAO) to help them evaluate the memberships of federal banking agencies in a global governance body, the Network of Central Banks and...

US Lawmaker Asks GAO for Data on Crypto Investments in 401(k) Plans

June 15, 2022
A Massachusetts congressman wants the Government Accountability Office to investigate the risks of allowing cryptocurrency investments through retirement accounts. Get the Full Story Complete the form to unlock this article...

Bitcoin Daily: CommerzVentures, Coinbase Ventures Part Of Curv’s $23M Fundraise; Senate Banking Committee Calls For...

July 01, 2020
Crypto security asset infrastructure company Curv notched $23 million in Series A funding with investment from Coinbase Ventures and CommerzVentures, among other firms, according to an announcement. The company also...