Ten Florida residents were charged in an indictment unsealed today in the Southern District of Florida for their alleged roles in a $67 million health care fraud, wire fraud, kickback, and money laundering scheme involving the submission of false and fraudulent claims to Medicare for medically unnecessary genetic tests and durable medical equipment.
- Rental Housing: Information on Low-Income Veterans’ Housing Conditions and Participation in HUD’s Programs
In U.S GAO NewsAugust 24, 2021Veterans returning from service in Iraq and Afghanistan could increase demand for affordable rental housing. Households with low incomes (80 percent or less of the area median income) generally are eligible to receive rental assistance from the Department of Housing and Urban Development’s (HUD) housing choice voucher, public housing, and project-based programs. However, because rental assistance is not an entitlement, not all who are eligible receive assistance. This testimony, based on a 2007 report, discusses (1) the income status and demographic and housing characteristics of veteran renter households, (2) how HUD’s rental assistance programs treat veteran status (whether a person is a veteran or not) and whether they use a veteran’s preference, and (3) the extent to which HUD’s rental assistance programs served veterans in fiscal year 2005. The 2007 report discussed in this testimony made no recommendations.In 2005, an estimated 2.3 million veteran renter households had low incomes. The proportion of veteran renter households that were low income varied by state but did not fall below 41 percent. Further, an estimated 1.3 million, or about 56 percent of these low-income veteran households nationwide, had housing affordability problems–that is, rental costs exceeding 30 percent of household income (see map for state percentages). Compared with other (nonveteran) renter households, however, veterans were somewhat less likely to be low income or have housing affordability problems. HUD’s major rental assistance programs are not required to take a household’s veteran status into account when determining eligibility and calculating subsidy amounts, but eligible veterans can receive assistance. The majority of the 41 largest public housing agencies that administer the housing choice voucher or public housing programs had no veterans’ preference for admission. The 13 largest performance-based contract administrators that oversaw most properties under project-based programs reported that owners generally did not adopt a veterans’ preference. In fiscal year 2005, an estimated 11 percent of all eligible low-income veteran households (at least 250,000) received assistance, compared with 19 percent of nonveteran households. Although the reasons for the difference are unclear, factors such as differing levels of need for affordable housing among veteran and other households could influence the percentages.
- Afghanistan Virtual Ministerial and Remarks by Secretary Blinken
August 31, 2021Antony J. Blinken, [Read More…]
- Opening Statement at Climate Adaptation Summit 2021
January 27, 2021John Kerry, Special [Read More…]
- Federal Debt Management: Treasury Quickly Financed Historic Government Response to the Pandemic and is assessing Risks to Market Functioning
In U.S GAO NewsAugust 17, 2021What GAO Found In response to COVID-19, in March 2020 many investors rapidly sold their Treasury securities for cash. This led to a severe liquidity disruption when prices fell and transaction costs rose for Treasury notes and bonds in the secondary market. The Federal Reserve acted quickly to support market functioning, including purchasing trillions of dollars of Treasury securities. This market disruption highlighted risks to the Treasury market. For example, growth in federal debt and regulatory changes may reduce broker-dealers’ willingness and ability to intermediate trades (facilitate purchases and sales) of Treasury securities for investors. In April 2021 Treasury initiated an interagency effort to examine options that could help mitigate future disruptions in the market. Following the market disruption, Treasury quickly raised trillions of dollars to fund the federal response to COVID-19. It dramatically increased its issuance of bills—including adding regular, weekly auctions of cash management bills, which have historically been issued irregularly to cover near-term financing gaps. The bills were met with strong investor demand. For example, GAO found almost no difference between cash management bill and other bill yields during this time. Monthly Gross Issuance of U.S. Treasury Bills, Notes, and Bonds Note: Notes and bonds includes Treasury Floating Rate Notes and Inflation Protected Securities. Due to the uncertainty created by COVID-19, Treasury maintained a historically high operating cash balance of around $1.6 trillion. Its stated policy is to hold a level of cash generally sufficient to cover one week of outflows. However, other factors not explicitly reflected in its policy informed how it managed the cash balance during COVID-19. Market participants told GAO that they were unclear about all of these factors. They said that understanding the level and trajectory of the cash balance is important because it affects market expectations for the size of Treasury issuance, supply of bank reserves, and short-term lending rates—all of which inform their business strategies and support market functioning. Additionally, uncertainty about the size of the cash balance can lead to volatility in financial markets. This, in turn, can affect Treasury’s borrowing costs. Why GAO Did This Study The federal government’s fiscal response to the COVID-19 pandemic dramatically increased the government’s borrowing needs. Treasury borrows money needed by issuing Treasury securities. The ability to borrow large amounts of money quickly and cheaply is especially important during a crisis, when government spending tends to increase and revenues tend to decrease. Any disruptions in investor demand for Treasury securities or the functioning of the Treasury market can have costly implications for the federal government and taxpayers. The CARES Act includes a provision for GAO to report on its monitoring and oversight efforts related to the COVID-19 pandemic. This report examines (1) how the cost and liquidity of Treasury securities changed during COVID-19; (2) actions Treasury is taking to mitigate future disruptions; and (3) the actions Treasury took to finance the federal government’s response to the pandemic. GAO analyzed data on Treasury securities; reviewed agency and market research; and interviewed market participants across key financial sectors (e.g., broker-dealers, banks, mutual and money market funds), market experts, and Treasury and Federal Reserve officials.
- Cote d’Ivoire Travel Advisory
September 26, 2020Reconsider travel to [Read More…]
- Justice Department Announces Civil Investigation into Chemical Restraint Use at Two Nevada Juvenile Facilities
January 7, 2021The Justice Department announced today that it has opened an investigation into the use of pepper spray at two juvenile correctional facilities run by the Nevada Juvenile Justice Services Agency: the Nevada Youth Training Center and the Summit View Youth Center. The investigation will examine whether staff at the two facilities use pepper spray in a manner that violates youth’s rights under the Constitution.
- Secretary Blinken’s Call with Polish Foreign Minister Rau
February 17, 2022
- Secretary Blinken’s Call with Ukrainian Foreign Minister Kuleba
January 11, 2022
- Justice Department Again to Monitor Compliance with the Federal Voting Rights Laws on Election Day
November 2, 2020The Justice Department today announced its plans for voting rights monitoring in jurisdictions around the country for the Nov. 3, 2020 general election. The Justice Department historically has monitored in jurisdictions in the field on election day, and is again doing so this year. The department will also take complaints from the public nationwide regarding possible violations of the federal voting rights laws through its call center.
- Secretary Michael R. Pompeo And Kuwaiti Foreign Minister Sheikh Ahmad Nasser Al-Mohammad Al-Sabah
November 24, 2020Michael R. Pompeo, [Read More…]
- Antitrust Division Supports Modernizing Merger Filing Exemptions For Certain Investments
September 21, 2020On Monday, September 21, Assistant Attorney General Makan Delrahim concurred in the Federal Trade Commission’s (FTC) Federal Register publication of a Notice of Proposed Rulemaking (NPRM) to revise the premerger notification rules (the Rules) that implement the Hart-Scott-Rodino Antitrust Improvements Act (HSR).
- Senior State Department Official On the JCPOA Talks
February 1, 2022Via Teleconference [Read More…]
- Brazil Can Join the Growing Clean Network by Banning Huawei
September 27, 2020Keith Krach, Under [Read More…]
- Former Boeing 737 MAX Chief Technical Pilot Indicted for Fraud
October 14, 2021A federal grand jury in the Northern District of Texas returned an indictment today charging a former Chief Technical Pilot for The Boeing Company (Boeing) with deceiving the Federal Aviation Administration’s Aircraft Evaluation Group (FAA AEG) in connection with the FAA AEG’s evaluation of Boeing’s 737 MAX airplane, and scheming to defraud Boeing’s U.S.‑based airline customers to obtain tens of millions of dollars for Boeing.
- Bagel Company Owner Pleads Guilty to Tax Evasion and Wire Fraud Conspiracy
February 11, 2022A New York man pleaded guilty today to tax evasion and a wire fraud conspiracy.
- Spain National Day
October 12, 2021Antony J. Blinken, [Read More…]
- Briefing with Acting Assistant Secretary for Western Hemisphere Affairs Ambassador Michael G. Kozak On Human Rights Concerns in Cuba
December 9, 2020Michael G. Kozak, Acting [Read More…]
- Assistant Secretary David Schenker’s Travel to Lebanon, Morocco, and the United Kingdom
October 12, 2020
- Government Contractor Indicted for Bribing Public Official
December 20, 2021A federal grand jury in the Eastern District of Virginia returned an indictment charging a North Carolina man with engaging in a bribery and fraud scheme with a former contracting officer for the Broadcasting Board of Governors (BBG) (now known as the U.S. Agency for Global Media).
- Hospital Pharmacist Sentenced for Attempt to Spoil Hundreds of COVID Vaccine Doses
June 8, 2021A Wisconsin man was sentenced today to three years in prison for tampering with COVID-19 vaccine doses at the hospital where he worked.