
First lady Michelle Obama's much-criticized trip to Spain in 2010 cost taxpayers at least $467,000, a government watchdog group said Thursday after obtaining Secret Service and Air Force documents.

First it was people earning at least $1 million a year. Now Democrats seeking their next election-year target for tax increases on better-off Americans may have found it: the owners of many privately held corporations.

The Missile Defense Agency (MDA) is producing and buying technology before it is fully ready, crippling its efforts to develop a system that can intercept ballistic warheads from Iran or other rogue states, according to federal auditors.

Federal investigators said Monday that the administration is wasting billions on extra bonuses for health plans and should cancel them right away, fueling Republican complaints that President Obama is trying to postpone his health care law's unpopular Medicare cuts until after the election.

The nation's premier worker-safety agency takes nearly eight years on average to adopt new safety regulations, government auditors said in a report issued Thursday.

The Navy's force projection and assured nuclear strategic capability are keys to our retaining U.S. pre-eminence as a world leader. Our Navy, however, will face increasing threats, especially from China, which has deployed anti-ship ballistic missiles, sophisticated nuclear attack and ballistic missile submarines, and fifth-generation stealthy aircraft, which are clearly targeted against our naval forces.

It's only now becoming clear how many people have become rich thanks to the global-warming scare. Politicians from both parties have been so afraid of being labeled a "denier" that they'll vote for any piece of legislation bearing the trendy green label. The numbers are adding up fast.

The government has grown so large that nobody really knows where its $3.8 trillion in annual spending goes. Each year, the Government Accountability Office (GAO) tries - and fails - to make sense of federal-agency ledgers. On Thursday, GAO refused once again to certify the official balance sheets because they are so shoddily kept.

A year after the government's chief investigators identified 81 areas where the government double-spends or could cut costs, President Obama and Congress have solved just four of them, the Government Accountability Office said in a follow-up report Tuesday.