Commentary: The Case of the Misunderstood Bailout

Currently, it's hard to find a federal program more unpopular than the Troubled Asset Relief Program (TARP), the bank "bailout" passed in the waning days of the Bush administration. Poll after poll shows that the public does not support the bailout, and politicians, especially ones up for reelection, have picked up on this trend and frequently denounce the program. And yet, by many objective measures, the bailout could be considered a success: it helped avert financial calamity, it will cost a fraction of its original estimates, and TARP’s bank provisions will likely end up earning a profit for the government. While TARP could have done better, the public perception that TARP failed is not consistent with most data.

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EPA Plans for Greater Openness in Coming Years

The U.S. Environmental Protection Agency (EPA) will incorporate greater transparency, accountability, and community engagement throughout its operations over the next five years, according to the agency's recently released Fiscal Year (FY) 2011-2015 Strategic Plan. The new strategic plan is the agency's first developed under the Obama administration, which has made increasing government openness a high priority.

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Modernization at IRS Could Help Reduce Tax Gap and Shrink Deficit

The estimated $345 billion in revenue that goes uncollected every year is a tempting target for deficit crusaders. However, closing the so-called tax gap is not a cure-all, and attempting to address the problem could create other tax compliance issues. Despite such potential complications, a new report by the Government Accountability Office (GAO) has found that recent modernizations to the Internal Revenue Service's (IRS) computer systems show promise in helping to close the tax gap while avoiding some of the problems that may arise from aggressive tax collection.

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EPA and Transportation Lay Out Long-term Fuel Efficiency Plans

The U.S. Environmental Protection Agency (EPA) and the Department of Transportation (DOT) have begun the process for setting fuel efficiency standards for light-duty vehicles (cars and light-duty trucks) for model years 2017 through 2025. The regulatory initiative comes at a time in which the EPA is under bipartisan attack for addressing climate change issues in the absence of congressional action.

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A Long Road for Mine Safety Enforcement Reform

Even though a five-month inspection blitz uncovered widespread disregard for miner safety, the Mine Safety and Health Administration (MSHA) is unlikely in the near term to be able to force behavioral or cultural reform among the nation’s most recalcitrant mine operators.

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OSHA's Whistleblower Protection Problems Continue, GAO Says

In a new report, the Government Accountability Office (GAO) has again strongly criticized the Occupational Safety and Health Administration (OSHA) for a range of problems and inconsistencies in the agency's handling of whistleblower protections.

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At UN, Obama Calls for Global Transparency but Offers Few Details

On Sept. 23, President Barack Obama addressed the United Nations (UN), calling on countries to strengthen government openness. He emphasized the importance of transparency in fighting corruption and increasing civic engagement. At a world summit the day before, Obama trumpeted his administration's new global development policy, which pledges more transparency related to U.S. aid activities. However, the administration refused to release the text of the policy, and details remain sparse.

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Biennial Budgeting on the Horizon?

If the Senate confirms Jack Lew, President Obama's nominee to lead the Office of Management and Budget (OMB), Lew is likely to revisit the idea of biennial budgeting. The allure of biennial budgeting at the federal level is that it theoretically frees up more time for both Congress and federal agencies to work on issues outside of the budget. But would a move to biennial budgeting actually change the budget process for the better?

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Concerns over Industry Influence Mount in Cell Phone Right-to-Know Fight

In an effort to ensure mobile phone buyers can make informed choices, the city of San Francisco recently passed an ordinance requiring retailers to label cell phones with the amount of radiation the devices emit. In retaliation, a wireless industry trade group announced it will no longer hold its trade shows in San Francisco and filed a lawsuit to block enforcement of the ordinance. The fight has caused right-to-know advocates to raise concerns over the extent of the wireless industry's influence over regulators.

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Congressional Oversight Panel Examines TARP Contracting

On Sept. 22, the Congressional Oversight Panel (COP), the body tasked by Congress to oversee implementation of the Troubled Asset Relief Program (TARP), examined the Department of the Treasury’s use of private contractors under the program. Witnesses from government, the private sector, and the nonprofit world critiqued Treasury’s use of financial services contractors and highlighted lessons about improved competition and openness that the government should take from the soon-to-be-ended program.

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