The Bureau of the Fiscal Service reported that delinquent Direct Loan debt reached $214.9 billion by the end of June 2026. This amount represents a 116.2 percent increase from the $99.4 billion recorded a year earlier. The report also noted that the total balance of the Direct Loan portfolio stood at $1.610 trillion during the…
On October 8, 2026, the Department of War granted Ernst & Young two labor-hour contracts totaling a maximum of $869.4 million. These agreements cover the audit of financial statements for the Navy, Marine Corps, and Air Force. Each competitive solicitation received only one quote, indicating limited competition in these procurements. The department intends to obligate…
The Department of Veterans Affairs reported $10.37 billion in delinquent debt as of June 30, 2026, a significant increase from $4.63 billion the previous year. This surge was primarily driven by VA direct loans, where delinquent amounts jumped from $0.38 billion to $5.74 billion over the same period. The data comes from the Treasury Report…
The Bureau of the Fiscal Service announced a new US Treasury debt buyback operation scheduled for October 15, 2026. The department will offer to redeem up to $6 billion in long-dated bonds during a 20-minute window from 1:40 p.m. to 2:00 p.m. ET. A preliminary list includes 42 securities with maturities ranging from May 2040…
The Public Company Accounting Oversight Board has published new agendas for its standard-setting and research activities following a public comment period. The plans cover topics such as auditor independence, fraud, and the use of new technologies in auditing. Big Four firms submitted comment letters urging the board to adopt a flexible approach to artificial intelligence…
NIST revises federal IoT requirements to cover full product ecosystem NIST announced on October 8 that it is revising SP 800-213A, the IoT Device Cybersecurity Requirement Catalog, with a public comment deadline of October 15, 2026. The revision aligns the catalog with SP 800-213 Rev.
October 16, 2026 By Sara Friedman / June 4, 2026 Implementation of President Trump’s latest artificial intelligence order will bring up several questions on how specific taskings will be carried out in practice, according to a Venable post which raises coordination concerns over participation in a…
Acting CISA Director Nick Andersen says upcoming tabletop exercises will help critical infrastructure operators test their ability to recover from cyberattacks and maintain essential services.
The PCAOB voted unanimously on September 9, 2026, to approve changes to QC 1000, A Firm’s System of Quality Control, which remain on track for a December 15, 2026, effective date pending SEC approval. The amendments eliminate the External QC Function requirement and limit the standard's scope to firms that must follow professional and legal…