Government Accountability Office | featured news

A proposal to phase out the $1 bill and replace it with a $1 coin could be gaining currency as the "supercommittee" looks to find ways to save the government money... The move to a coin would cost money in the short term, but eventually save money because paper currency lasts about 42 months — while coins theoretically last forever. Moving to a coin could save $5.6 billion over 30 years, according to the Government Accountability Office.

The U.S. Postal Service could save billions of dollars by ending Saturday mail deliveries, according to the Government Accountability Office. Postal officials — eager to stave off an estimated $7 billion in losses this year — think they can save about $3 billion annually by stopping weekend mail deliveries while still keeping post offices open on Saturdays.

Total funds collected for U.S. child-support programs failed to increase during fiscal year 2009 for the first time since Congress created an enforcement arm for such collections in 1975, according to a study released this week by the Government Accountability Office.

The Government Accountability Office report finds that over the last five years, 41 foreign companies have helped Iran develop its oil and gas sector.