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What is a Grant from the Government? A grant is one of the ways the government funds ideas and projects to provide public services and stimulate the economy. Grants support critical recovery initiatives, innovative research, and many other programs listed in the Catalog of Federal Domestic Assistance (CFDA). Learn more about grants and types of grants.
What the law does. 1  The Government Accountability Office (GAO) is an independent government agency that analyzes and investigates federal expenditures. They often produce reports known as âblue booksâ that analyze congressional spending policies and make recommendations, as well as perform policy analyses and audit federal agencies.