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GAO: Work needed to correct errors in TARP financial statements

Gary Engel, GAO's director of financial management, says the Treasury Department's Office of Financial Stability, which implements TARP, still needs to establish a mechanism for effective implementation of its review and approval process for preparing its financial statements.

Tags: Gary Engel , GAO , OFS , TARP , financial accountability , Federal Drive , Michael OConnell , financial management

Monday - 02/27/2012, 12:12pm EST
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The Taliban facing more trouble

The Afghan Taliban leadership is facing more pressure from the U.S. The U.S. Treasury Department will freeze the militants' assets, ban travel and trigger an arms embargo. It follows similar action by the United Nations earlier this week, and comes after calls from Gen. David Petraeus, the top military commander in Afghanistan. the U.S. and U.N. sanctions prohibit any financial transactions of the terror leaders in U.N. member countries, putting additional pressure on Pakistan to take broader actions against the Taliban militants.

Tags: Pentagon & Beyond , Pentagon , Taliban , Afghanistan , David Petraeus , United Nations , J.J. Green

Monday - 07/26/2010, 01:40pm EDT