GAO Report Calls Into Question Treasury Oversight of Bailout Law.

The article reports on the growing concern expressed by members of the U.S. Congress and President-elect Barack Obama about the Treasury Department's management of the $700 billion bailout program created in October 2008. The Government Accountability Office (GAO) reported that the Treasury Department did not have the tools to assess whether the cash infusions are working. Moreover, GAO conveyed that the Treasury needs to develop a more robust set of internal controls over the bailout program.