Financial Reports

Executive Mosaic’s GovCon Index closed last week with a 1.46% increase to $4,639.99. These results contrasted with the Dow Jones Industrial Average, which decreased by 0.31% on Friday. Both the S&P...

In the sixth annual audit of its consolidated financial statements, the Department of Defense reported that seven of the 29 component agencies received unmodified audit opinions and one secured a...

The Office of the Director of National Intelligence and the Department of Defense have released the aggregate amount of congressional appropriations for their respective intelligence initiatives in fiscal year 2023....

The Congressional Budget Office examined the Department of Defense’s plans between 2024 and 2028 as outlined in the 2024 Future Years Defense Program and projected that defense costs under such...

The Department of the Treasury and the Office of Management and Budget reported that the deficit rose by $320 billion, or 23 percent, to $1.7 trillion in fiscal year 2023...

Mike McCord, undersecretary of defense comptroller and chief financial officer, said Congress and President Joe Biden have raised the Department of Defense’s funding by $100 billion in the last two...

The Congressional Budget Office projects the total federal deficits to drop from 5.8 percent of gross domestic product in 2023 to 5 percent by 2027 and then increase steadily over...

The Government Accountability Office has called on Congress to develop a long-term fiscal plan that incorporates fiscal targets and rules and consider alternative approaches that better connect decisions about the...

President Joe Biden has asked Congress to consider amendments to proposed fiscal year 2024 budgets for the departments of Defense, Homeland Security, Agriculture, Education, Transportation, Housing and Urban Development, Environmental...

A Congressional Budget Office infographic shows that the federal budget deficit in fiscal year 2022 reached $1.4 trillion, which is equivalent to 5.5 percent of gross domestic product.CBO said in...