Technology Modernization Fund Faces the December 11 Cliff After GAO Finds $13.5 Million in Realised Savings on $1 Billion
The Technology Modernization Fund was created in 2017 to lend agencies money to replace old IT systems, with the loans repaid from savings. GAO reported in July that the fund had invested about $1.03 billion in 68 projects by June 2025. The projects expected …