treasury
Every record this desk has filed under treasury, newest first, each with the number of sources it can still show you.
The draft financial statements of the United States government put the top of the range of possible legal losses at $1.5 trillion without saying what the cases were, and $1.4 trillion of it was two EPA cases of $700 billion each.
GAO report 26-109081, issued September 15, examines the controls over how Treasury assembles the government-wide financial statements. It finds three new deficiencies. Treasury's draft disclosed that the upper end of the reasonably possible range of legal loss was $1.5 trillion as of September 30, 2025 but 'did not disclose the nature of the contingencies'; $1.4 trillion of that was two Environmental Protection Agency cases at $700 billion each. The draft notes also contained errors, including a $52.7 billion increase in loans receivable left unexplained, an undisclosed Commerce warrant for up to 240.5 million Intel shares at $20.00 each, and an increase in obligations reported as $14.9 billion when the supporting documentation said $47.8 billion. And managers recertifying access to Planning Analytics, the system used to build the statements, were shown only whether a user was USER or ADMIN, when 62 distinct roles exist. Treasury corrected both substantive errors before the final statements were published and concurred with all three recommendations. GAO has never been able to express an opinion on these statements since its first audit of them for fiscal year 1997.
Also filed undergaofederal-financesauditinternal-controls
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