U.S. Government Accountability Office

Built World

Tracking the project's design delays and cost growth

The Savannah River Site's half-built MOX plant was meant to start turning surplus weapons plutonium into commercial reactor fuel in 2016. It never opened. On Oct. 15, the Energy Department approved a $23.5 billion baseline and full construction to convert the roughly 400,000-square-foot shell into a factory for plutonium pits.

Updated Yesterday

Rule Changes

As of October 2026: Conducting investigation into FHFA Director Bill Pulte

In early 2025, Trump appointed housing heir Bill Pulte as director of the FHFA, which oversees Fannie Mae, Freddie Mac, and $8.5 trillion in mortgage credit. Within months, Pulte used mortgage data to publicly accuse NY AG Letitia James, Senator Adam Schiff, Fed Governor Lisa Cook, and Congressman Eric Swalwell of fraud, referring them to Justice amid concerns of political retribution.

Updated Oct 1

Built World

As of May 2026: Warning beacon: aging systems, slow modernization timelines, unmanaged risk

The FAA is no longer talking about “modernization” like it’s a distant science project. In a House hearing, Administrator Bryan Bedford said the agency will commit $6 billion by the end of 2025 to upgrade ATC telecom networks and radar surveillance, with a target deployment date of 2028.

Updated May 15

Rule Changes

As of May 2026: Provided legal interpretation that guidance was a ‘rule’ under CRA

In March 2013, U.S. bank regulators issued joint supervisory guidance on leveraged lending to prevent a return of pre-2008-style underwriting excesses, with examiners informally anchoring scrutiny around a roughly six-times-EBITDA leverage benchmark. Over the next decade, banks' pullback shifted riskier deal finance toward private-credit funds, CLOs, and other nonbanks—expanding an opaque "shadow banking" ecosystem even as regulators maintained the guidance was supervisory, not a binding rule.

Updated May 9