Our take: The federal government is the country's largest holder of real estate, but a new report from the Government Accountability Office shows that the government knows very little about the condition and use of properties it owns, Jonathan OConnell writes at The Washington Post.
"The federal government is the country's largest holder of real estate, with nearly 400,000 properties that it owns or leases, and President Obama views the properties as presenting opportunities for cutting costs. In 2010, Obama issued a memorandum requiring agencies to achieve $3 billion in real estate savings by the end of fiscal 2012."
"GAO researchers found that despite warnings that property information and management were flawed, the government knows very little about the condition and use of properties it owns. The problems also persist despite efforts to create a central database that would facilitate the sale or lease of properties that the government does not need or use."
- Government ups air bag warning to 7.8M vehicles
- Lehi-based Vivint debuts innovation facility
- EPA: Gas mileage inflated on 4 Mini Cooper...
- Egg freezing is now a perk of the workplace....
- Support for statewide nondiscrimination law...
- Q&A: Journalist Dan Rather speaks on courage...
- Lower gas prices could mean economic impact...
- Survey: Harassment a common part of online life
- Support for statewide nondiscrimination... 18
- Customer decline hits McDonald's sales,... 4
- Egg freezing is now a perk of the... 4
- Lower gas prices could mean economic... 3
- Another year, another small Social... 2
- Survey: Harassment a common part of... 2
- Q&A: Journalist Dan Rather speaks on... 2
- Dave Ramsey says: Keep expectations... 1