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Subcommittee Reviews Federal Financial Management

On Thursday, June 5, 2008, the Subcommittee held a hearing titled, “Oversight of Federal Financial Management.”

The hearing examined the results of GAO’s audit of the federal government’s consolidated financial statement (CFS) for the fiscal year ending in 2007, as well as management weaknesses, including improper payments, abuse of government credit cards, and problems with modernization.

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