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However the watchdog's report said it was optimistic about the progress made in some areas.
BBC: Concern over 2012 Olympic Park legacy promise
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He is extremely optimistic about the progress being made, and is already looking ahead to a time in which tourists and investors flock to Sulu.
BBC: Sulu: The islands home to Philippine militancy
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We remain optimistic about the progress that those talks have made so far, and we look forward to greater progress being made when they resume.
WHITEHOUSE: Press Briefing
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There are futurists who are far, far too optimistic about the rate of technological progress, and others who are too vastly too pessimistic.
FORBES: Where Are Our Robot Overlords?
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Despite the slow progress, Dr High says she is optimistic about the future of gene therapy.
ECONOMIST: The prospects for using genes as a therapy may be improving
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Speaking to reporters after the briefing, the president said there seemed to be progress but it was too soon to be optimistic about a solution to the spill.
BBC: Barack Obama cautious on new move to halt Gulf oil leak
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But firefighters were feeling pretty good about their progress and were cautiously optimistic after a good night on the fire line, she said.
CNN: California wildfire consumes 8,000 acres in five hours
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"Based on the progress achieved over the first two years, we are very optimistic about future prospects for Creative Clyde, " she said.
BBC: Glasgow: Pushing the creative boundaries