Oversight
Lawmakers press for tighter oversight of fast-growing prediction markets
Senators are urging the Commodity Futures Trading Commission to clarify rules for event contracts and strengthen monitoring standards, warning that rapid growth in prediction markets is exposing weaknesses in safeguards against manipulation and consumer harm.
Inspector general group announces pick to lead oversight of Iran war following senator’s questioning
A provision in federal statute requires the Council of the Inspectors General on Integrity and Efficiency to designate an IG for any military “overseas contingency operation that exceeds 60 days.”
USPS financial crisis won’t be solved until Congress defines its service mission, regulator testifies
At a hearing Thursday, lawmakers also expressed doubt about a proposal from U.S. Postal Service leaders to raise the agency’s statutory debt limit.
GSA joins White House’s fraud prevention task force
The agency said it will support the unit’s efforts by identifying waste, fraud and abuse across government contracting programs.
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