The federal government’s use of grants to achieve national objectives has grown into a $600 billion lifeline to states, local governments and institutions. More than 1,670 federal grant programs were offered by 23 federal grant-making departments and agencies in fiscal year 2010, according to the Office of Management and Budget,.
The risks associated with administering those funds, and concerns about the lack of effective oversight tools, continue to draw criticism–the most recent coming in a new report issued last month by the Government Accountability Office. Keep reading →