Truth in Accounting’s analysis of the most recent audited Financial Report of the U.S. Government found its overall financial condition worsened by $11.6 trillion in 2025.

Each year, states like Louisiana undergo a Single Audit to verify proper use of federal funds. These audits assess internal controls, compliance with requirements, and safeguards against misuse, with special focus on major programs.

Florida's most recent Single Audit—which reviews compliance with federal grant requirements—raises red flags about the management of substantial federal dollars allocated to public health programs.

Undercover journalist Nick Shirley just released a bombshell 40-minute video exposing over $170 million in fraud across California, including fake daycares and abandoned hospices where fraudsters are living in luxury with zero consequences. As he put it: “Minnesota was big, but California is even bigger.” The fraudsters have been defrauding hardworking taxpayers for years, enabled by weak oversight and bad policies.

On January 30, when former Federal Reserve board member Kevin Warsh was nominated by President Trump as the central bank’s next chair, markets sold off and gold and silver plunged. Investors were positioned for a “dove,” someone inclined to cut rates aggressively and keep money loose; and Warsh has a long-standing reputation as a “hawk.” 

4 Myths About Social Security You Shouldn’t Believe

Your hard-earned tax dollars aren't just being mismanaged; they're being systematically stolen, thanks to a flawed government accounting system that buries red flags under layers of opacity. For years, states have been handing out federal funds through programs designed to feed children, support the vulnerable, and aid during crises. But instead of helping those in need, these programs have become playgrounds for fraudsters, with billions vanishing into luxury lifestyles and offshore accounts. The worst part? These scandals aren't surprises. They've been flagged repeatedly in mandatory state Single Audit reports, documents that auditors, lawmakers, and the federal government obviously ignore.

The report examines the fiscal health of America’s five largest cities–Los Angeles, Houston, Philadelphia, Chicago, and New York City. 

The Chicago Teachers Union (CTU) has resisted making its financial audits public, and we are starting to learn why. The union recently produced audits going back to 2020, and the records show that its finances haven’t always received a clean slate by its official independent auditor.

Recent scrutiny of federal programs in Minnesota has drawn national attention to serious oversight failures at the state level. Those problems are not isolated. Audits in Georgia and other states reveal similar warning signs that raise broader concerns about accountability, internal controls, and the use of federal funds.