Reports and Testimony: July 1996.
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.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jul 01, 1996
- Accession Number
- ADA313471
Entities
Organizations
- United States Government Accountability Office