Accession Number : ADA313471

Title :   Reports and Testimony: July 1996.

Corporate Author : GENERAL ACCOUNTING OFFICE WASHINGTON DC OFFICE OF PUBLIC AFFAIRS

PDF Url : ADA313471

Report Date : JUL 1996

Pagination or Media Count : 46

Abstract : Highlights: Resolution Trust Corporation - With the Resolution Trust Corporation's mission to close hundreds of insolvent thrift institutions now virtually complete, GAO includes in its annual audit of the RTC a discussion of the historical perspective and financial implications of the savings and loan crisis. Page 9.; Operation Desert Storm - In an extensive survey of airpower used in Operation Desert Storm, GAO found that tactical and strategic objectives were best met with a mix of weapons with a range of capabilities. GAO also found that success claims for 'smart weapons' were often overstated and misleading and that infrared, electro-optical, and laser systems were often degraded by rain, smoke, and fog. Page 27. Pennies - Should the United States continue to manufacture pennies? It costs less than one cent to mint a new penny, but the government loses money after distribution costs are taken into account. Other factors for Congress to consider in deciding the penny's future include the costs of withdrawing the penny from circulation and job losses for contractors who supply penny blanks. Page 15.

Descriptors :   *UNITED STATES GOVERNMENT, *MANAGEMENT PLANNING AND CONTROL, *BANKING, *COST EFFECTIVENESS, *REPORTS, *PUBLIC ADMINISTRATION, *MONEY, MILITARY OPERATIONS, CONGRESS, JOBS, CORPORATIONS, COSTS, SURVEYS, HISTORY, PROCUREMENT, STANDARDS, TAXES, AUDITING, BANKRUPTCY.

Subject Categories : Economics and Cost Analysis
      Government and Political Science
      Military Operations, Strategy and Tactics

Distribution Statement : APPROVED FOR PUBLIC RELEASE