Weak FDIC security drawn in GAO report
The GAO finds the FDIC lacks a fully established security management program risking losses of money and data. It notes insufficient access controls and unauthorized data exposure across production systems though progress has been made, and cites the agency’s reliance on computerized systems and $3.3 trillion insured.
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Washington
Congressional
General Accounting Office
Congress
Federal Deposit Insurance Corp
GAO
FDIC
Bank Insurance Fund
Savings Association Fund
Federal Savings and Loan Insurance Corp. Resolution Fund
Franklin Delano Roosevelt
Signs of U S consumer strength boost outlook
April consumer spending rose 0.3 percent led by durable goods while incomes climbed 0.6 percent the biggest since January 2001. Spending on services up 0.5 percent. durable goods up 0.8 percent. Savings rose to 2.4 percent. economists split on Fed rate path with inflation concerns mounting.
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Washington
Commerce Department
Joel Naroff
Naroff Economic Advisors
United States
Wall Street
Federal Reserve
Fed
Social Security fraud alert warns of impersonation scams
Social Security Commissioner Jo Anne Barnhart warns of nationwide fraud from people posing as agency employees to obtain personal data. Reports cite calls and visits in Chicago area and North Dakota, with scammers citing outages or using SSA on hold recordings to seem authentic.
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Mark Lassiter
Social Security
Lassiter
Central American Free Trade Agreement signed amid debate
The CAFTA pact with Costa Rica El Salvador Guatemala Honduras Nicaragua Dominican Republic aims to boost U S access to Central American markets. Bush favors swift approval. Kerry seeks renegotiation to strengthen worker rights and environmental protections amid protests and long standing NAFTA parallels.
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U.S
Bush
John Kerry
Congress
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United States
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Costa Rica
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Guatemala
Honduras
Nicaragua
Dominican Republic
Latin America
Mexico
Organization of American States
Canada
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