Skip to: Content
Skip to: Site Navigation
Skip to: Search
SATURDAY, NOVEMBER 21, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: oversight

oversight stories: 18 news summaries

 G20 Near Deal to Open 
 Economies to Scrutiny 

'Peer review' system will let nations assess each other's policies

Sep 25, 09 6:17 AM CDT
(Newser) - The G20 is on the brink of a deal this morning that will require members to "peer review" one another's economic policies—a substantial shift that will expose the US and China to wider scrutiny from less wealthy countries. The new top table for international negotiation wants less American... More »

MORE ABOUT:
International Monetary Fund • oversight • IMF • global economy • US economy • Chinese economy • peer reviews • G20 • Group of 20

(Newser) - A judge has ended eight years of federal oversight imposed on the LAPD after a massive corruption scandal, the Los Angeles Times reports. The judge said the police force had reformed substantially under a “consent decree” that saw tough independent audits and more thorough investigations into abuse allegations. "... More »

MORE ABOUT:
police • corruption • abuse • oversight • LAPD • racial profiling • federal judges • financial disclosure • Los Angeles Police Department

Pentagon Drops Ball on Contractor Oversight: Report

Says tens of billions in contracts lack decent US supervision

Jun 9, 09 9:33 AM CDT
(Newser) - Though US defense contracting has reached “unprecedented proportions” in Iraq and Afghanistan, the Defense Department isn’t adequately monitoring the contracts, according to an independent watchdog. A report to be presented to Congress tomorrow says the government lacks central records showing the identities, activities, and pay of some 240,... More »

MORE ABOUT:
Congress • Pentagon • oversight • Department of Defense • security contractors • Iraq contractors • Defense Dept • House Committee on Oversight and Government Reform • defense contractors • monitoring • Wartime Contracting Commission

Too-Speedy Bailout Spending May Squander Billions

Auditors understaffed for behemoth task, leaving field open to shifty contractors

Feb 9, 09 4:24 AM CST
(Newser) - If new federal bailout funds are spent too quickly, billions could be wasted because the government administrative staff may be too overburdened to provide adequate oversight, warn budget experts. Billions of dollars in government money were squandered by private contractors who overcharged the Bush administration, according to a government report.... More »

MORE ABOUT:
contractors • oversight • audit • economic stimulus package • government contracts • financial crisis • President Obama

Madoff Scandal Turns Up Heat on Financial Advisers

Loophole lets Madoff types profit from bad advice, they say

Jan 21, 09 3:53 PM CST
(Newser) - Wall Street advisers and brokers are tussling over the details of a looming regulatory overhaul as Washington takes steps to prevent another Bernard Madoff scandal, Bloomberg reports. Advisers want brokers who counsel clients to be subject to the same oversight they’re under; currently, their brokerage counterparts can profit by... More »

MORE ABOUT:
Wall Street • Merrill Lynch • SEC • oversight • investment • regulation • brokerage • bank regulation • brokers • Obama administration • President Obama • Bernard Madoff • financial adviser

ANALYSIS

Battle Over Regulation Looms in '09

Some worry Obama won't do enough to rein in derivatives market

Dec 25, 08 9:24 AM CST
(Newser) - After the economic meltdown of 2008, the coming year will see a battle over one of the most politically contentious issues in finance: the regulation of derivatives markets. Some who opposed government oversight before now acknowledge the need for tighter controls. But they face an uphill battle, reports Newsweek, against... More »

MORE ABOUT:
Alan Greenspan • SEC • oversight • derivatives market • regulation • SEC commissioners • Robert Rubin • auction-rate securities • Obama administration • financial crisis

UPDATED

Big 3 Would Agree to Oversight if Bailed Out

CEOs admit bad management

Dec 4, 08 1:07 PM CST
(Newser) - Detroit’s Big Three automakers would accept federal oversight in return for financial support, the Wall Street Journal reports. The chiefs of GM, Ford, and Chrysler all said that they would accept a bailout styled after that of Chrysler in the late ‘70s, which put the firm under the... More »

MORE ABOUT:
Chrysler • General Motors • oversight • Ford • auto industry • Rick Wagoner • bailout • auto bailout

 Paulson Seeks
 Expanded
 Fed Powers 

Treasury secretary says Fed role needs to be revised, upgraded to respond to risk

Jun 19, 08 6:39 AM CDT
(Newser) - Treasury Secretary Henry Paulson today will urge Congress to broaden the Federal Reserve’s oversight role on Wall Street, giving it the authority to demand data from financial institutions to help prevent incidents like the Bear Stearns collapse. Any major change in regulatory authority would have to be approved by... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • Henry Paulson • Bear Stearns • oversight • Federal Reserve Bank of New York

Teamsters, Obama Deny Quid Pro Quo

Support for ending oversight preceded union's backing 

May 5, 08 1:37 PM CDT
(Newser) - Before winning the Teamsters’ endorsement, Barack Obama said he’d support ending government oversight of the union, an unusual stance for a presidential candidate, reports the Wall Street Journal. An independent board has policed the historically organized-crime-influenced Teamsters since 1992; Bill Clinton, John Kerry, and Al Gore left the matter... More »

MORE ABOUT:
Barack Obama • Hillary Clinton • Al Gore • John Kerry • Bill Clinton • oversight • endorsement • blue-collar vote • Teamsters • James P. Hoffa

Key Inspector Says FAA
Crackdown Long Overdue

Agency's renewed inspection efforts long overdue, sweeping changes needed

Apr 10, 08 2:26 PM CDT
(Newser) - The Federal Aviation Administration is too lax, and its recent toughening-up long overdue, the Transportation Department’s inspector general Calvin Scovel told senators today. The agency should not rely, as it has until recently, on airlines to voluntarily disclose safety oversights, and shouldn’t provide loopholes for the appropriate penalties... More »

MORE ABOUT:
FAA • airline industry • oversight • American Airlines • Department of Transportation • Calvin Scovel

Budget Batters FDA Oversight of Foreign Drugs

Commissioner to testify before Congress today

Nov 1, 07 4:10 AM CDT
(Newser) - The federal Food and Drug Administration's spotty record inspecting foreign drug manufacturers will be even worse next year as its budget drops just as developing countries are flooding the market with new medications, reports the Washington Post. Foreign drug plants are inspected only once every eight to 12 years because... More »

MORE ABOUT:
China • FDA • India • Congressional investigations • imports • oversight • prescription drugs • developing countries • House Energy and Commerce Committee

Credit Crisis Spurs Calls for New Oversight

EU, Asia want cooperation in US market regulation

Aug 29, 07 2:32 PM CDT
(Newser) - Financial regulators and politicians across Europe and Asia are banding together to demand an international role in the oversight of American markets. The subprime meltdown has demonstrated that fluctuations in American markets can wreak havoc the world over, the Times reports, and now international players are wondering why they must... More »

MORE ABOUT:
economics • subprime mortgages • oversight • markets • credit crisis • regulation

Rumsfeld Denies Role in Tillman Cover-Up

On Hill, ex-Pentagon chief rejects personal responsibility

Aug 1, 07 12:51 PM CDT
(Newser) - Donald Rumsfeld took no responsibility today for the bungled handling of the reporting and investigation of Pat Tillman’s death, saying he always stressed honesty at the Pentagon. Before a House committee, the ex-defense secretary denied allegations he was involved in the military plot to claim the ex-NFL star was... More »

MORE ABOUT:
Afghanistan • Pentagon • Pat Tillman • Donald Rumsfeld • Henry Waxman • oversight • Department of Defense • Army Rangers

General Faces Demotion in Tillman Probe

Six other officers will draw career-ending punishments

Jul 26, 07 1:15 PM CDT
(Newser) - A retired three-star general who allegedly misled investigators about the death of former NFL player Pat Tillman in Afghanistan could be stripped of his stars and part of his pension, Pentagon officials told CNN. Retired Lt. Gen. Phillip Kensinger told inspectors he didn't know the Green Beret was killed by... More »

MORE ABOUT:
Afghanistan • Bush administration • Taliban • Pentagon • Pat Tillman • White House • US military • House of Representatives • oversight • Phillip Kensinger • Green Beret

Feds Hid Toxic Trailer Danger

Refused to conduct tests even after a death

Jul 20, 07 10:32 AM CDT
(Newser) - Some 120,000 Hurricane Katrina victims lived in emergency trailers for months, even though FEMA knew they were toxic, with formaldehyde levels 75 times the safety threshold, the Washington Post reports. Officials suppressed the the information and failed to order tests, emails show, because they didn't want to do anything... More »

MORE ABOUT:
Hurricane Katrina • Henry Waxman • oversight • FEMA • trailers • toxic • FEMA trailers

CIA Dirty Deeds Detailed in Documents

Illicit 'family jewels'
of Watergate era declassified

Jun 27, 07 5:13 AM CDT
(Newser) - Assassination plots, illegal wiretapping and spying at political conventions were among the lowlights illuminated in hundreds of pages of CIA documents from the Watergate era declassified yesterday. Illicit acts known in the agency as the "family jewels" included a $150,000 CIA payment to a mobster to kill Fidel... More »

MORE ABOUT:
CIA • Congressional investigations • Watergate • Richard Nixon • oversight • Michael Hayden • family jewels

Dems Threaten to Pull VP Funds

Pols pressure Cheney to comply with rules requiring justification of classified documents

Jun 26, 07 5:13 AM CDT
(Newser) - Angry Democrats are threatening to ax Dick Cheney's budget if the vice president continues to defy regulations on classified documents, the Hill reports. Executive branch agencies are required to provide reports justifying secret documents to an oversight office; Cheney has refused, claiming that his office is neither solely executive nor... More »

MORE ABOUT:
Dick Cheney • Democrats • Charles Schumer • oversight • Rahm Emanuel • vice president

Congress Studies Lost Art Of Oversight  

Lawmakers are gearing up furiously for for a rash of probes

Apr 9, 07 8:21 PM CDT
(Newser) - Consider the U.S. attorneys  investigation the tip of the iceberg: With more than a dozen probes launched in its first 100 days, Congress is ramping up to reclaim its role as a watchdog over the executive branch, the Christian Science Monitor reports, honing skills that haven't been in demand... More »

MORE ABOUT:
Congress • US attorney • investigation • politics • oversight

18 Stories


from our news partners