Government Performance
Bernanke Endorsed by Senate Banking Committee, Supports Limited Fed Audit
In late December, in a bipartisan vote, the Senate Banking Committee approved Federal Reserve Chairman Ben Bernanke's nomination to a second term as Federal Reserve chairman. The vote wasn't in any doubt, although the closeness of the margin, 16 to 7, does indicate the contentiousness of Bernanke's nomination. The nomination now heads to the Senate floor, where, barring some unforeseen calamity, he will be nominated to another four year term in January. His nomination should be helped by a recent letter Bernanke wrote responding to written questions from two committee members, in which Bernanke hesitantly endorsed limited audits of the Federal Reserve.
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Articles & Analysis
In the wake of the latest coal mining disaster that killed 29 miners at the Upper Big Branch Mine in West Virginia, calls for safety reforms and enhanced regulatory powers echo once again. While mine safety has improved since the recent high death toll of 2006, it remains to be seen if this incident will result in significant changes or if deaths and injuries will continue to be perceived as a cost of doing business.
Of the $38.6 billion worth of contracts and grants obligated to Iraq and Afghanistan during fiscal year 2008 and the first half of fiscal year 2009 by the Department of Defense (DOD), the Department of State (State), and the U.S. Agency for International Development (USAID), roughly $1 billion went to contractors to help administer some of the contracts and grants. A recent Government Accountability Office (GAO) 
WASHINGTON, April 7, 2010—The Obama administration took several actions today that will likely have a lasting and positive impact on government transparency. Each federal agency announced its Open Government Plan, complemented by Office of Management and Budget (OMB) policy changes to reduce certain impediments to transparency and to improve both regulatory and federal spending transparency. 
The U.S. Environmental Protection Agency (EPA) announced new guidance April 1 that should limit the impacts of mountaintop coal mining in Appalachia. The agency issued the guidance to clarify EPA's expectations regarding legal and scientific interpretations when issuing permits for the destructive surface mining practice.
On March 22, the Office of Management and Budget (OMB) released new 
Incidents of sudden acceleration that led to the recall of millions of Toyota vehicles have sparked a debate over whether the National Highway Traffic Safety Administration (NHTSA), the federal agency in charge of auto safety, needs enhanced powers and resources.
Later in March, the Obama administration 
On Feb. 4, the Food and Drug Administration (FDA) announced a new approach to regulating imported products – including food and medical devices – to enhance the agency's ability to respond to the increased globalization of commerce. The new risk-based approach to inspections and product tracking will be in place nationally in 2010.
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