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(Studio: Dan Rather) Report introduced.
(Washington: Terence Smith) General Accounting Office reported announcing price which taxpayers will pay because of US Housing and Urban Development Department and savings and loan scandals; details given of other examples of mismanagement of government funds. [Comptroller General Charles BOWSHER - comments.] GAO's conclusions outlined on screen; problems of IRS, Education Department, Justice Department and Defense Department detailed. [Former IRS (Internal Revenue Service) Commissioner Lawrence GIBBS - says IRS (Internal Revenue Service) needs updated computer system.] [Assistant Education Secretary Leonard HAYNES - comments on defaulted student loans.]
(Studio: Dan Rather; Washington: Terence Smith) GAO's purpose in publishing this report noted to spur budget director Richard Darman into action.
- Rather, Dan;
- Smith, Terence
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