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12:23 pm, March 30, 2015

Budget News

Discussion of TSP issues by the people who know

The Federal Thrift Retirement Investment Board's Greg Long and Kim Weaver join hosts Bob Leins and Tammy Flanagan to discuss the TSP and plans to use a loan from the G Fund to help fund the federal deficit.
March 30, 2015

Updated 11 minutes, 09 seconds ago
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GOP-controlled Senate ok's budget plan

The Republican-controlled Senate has approved a balanced-budget plan that calls for trillions in spending cuts and repeal of the controversial health care law to erase red ink by the end of the coming decade.

Friday - 03/27/2015, 03:40am EDT

Senate pushes conservative budget toward approval

Senate pushes toward approval of conservative budget to erase red ink, cut trillions

Friday - 03/27/2015, 03:16am EDT

House budget targets federal benefits, seeks smaller civilian workforce

The Fiscal Year 2016 budget the House passed Wednesday calls on federal employees to make greater contributions to their retirement plans, while altering the Thrift Savings Plan's G Fund. The budget also seeks to reduce the civilian workforce by 10 percent over the next 10 years through attrition.

Thursday - 03/26/2015, 10:28am EDT

Jerry Hendrix, Defense Strategies and Assessments Program, CNAS

The House and Senate Budget Committees are working through plans today that would add funds to the Overseas Contingency Operations budget. But the White House has already said President Barack Obama won't sign a budget with a huge increase in OCO funding. Long-term financial planning for the military is one aspect of a long-term strategy detailed in a new work called "Avoiding Trivia: A Strategy for Sustainment and Fiscal Security." Retired Navy Capt. Jerry Hendrix is the author and senior fellow and director of the Defense Strategies and Assessments Program at the Center for a New American Security. On In Depth with Francis Rose, Jerry explained where the term "avoiding trivia" comes from and how it applies to military strategy.

Wednesday - 03/25/2015, 04:43pm EDT
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Should the Postal Service go into banking?

The Postal Service doesn't want to go into banking, but the idea just won't go away, according to experts on a Brookings Institution panel.

Wednesday - 03/25/2015, 03:47pm EDT

Cyber, ERPs top Army PEO-EIS' priority list

In our latest online chat, Doug Wiltsie, head of the Army's Program Executive Office Enterprise Information Systems, discusses budget pressures, the move to agile development, acquisition innovation and cyber, among other topics.

Tuesday - 03/24/2015, 01:00pm EDT

House Democrats release alternative budget plan

The Democrats' plan, introduced by House Budget Committee Ranking Member Chris Van Hollen, would further change the Budget Control Act to allow agencies more financial flexibility. Unlike the Republican plan to restore normalized funding to the Defense Department while continuing to scale back domestic programs, the Democrats want to restore funding for both defense and non-defense agencies.

Monday - 03/23/2015, 05:16pm EDT

House GOP budget targets TSP's G Fund

"It would drop the interest to virtually zero, which would make the G Fund worthless to our participants," the Federal Retirement Thrift Investment Board's Kim Weaver said of the House proposal.

Monday - 03/23/2015, 02:23pm EDT

GOP budget bills aim to bolster DoD funding, cut government waste

Republican lawmakers released their Fiscal Year 2016 budget plans this week, containing increased spending for the Pentagon, cuts for non-Defense operating budgets and a hike in federal employees' contributions to their retirement plans.

Friday - 03/20/2015, 04:46pm EDT

Military leaders express misgivings about House plan to boost their budget

Pentagon officials are adamant that sequestration-level spending is incompatible with the current Defense strategy. But, they also have serious concerns with the plan House Republicans released this week to boost Defense funding, saying it would limit their options and keep the military in a state of budget uncertainty.

Friday - 03/20/2015, 04:00am EDT
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House, Senate panels adopt balanced-budget plans

House, Senate panels adopt budget plans but defense, spending hawks remain at odds

Friday - 03/20/2015, 03:14am EDT

No furloughs, but IRS faces hard road ahead

IRS Commissioner John Koskinen says the agency won't have to shut down for two days this fiscal year, as he earlier had warned employees. The IRS can make its current budget last until September because of other cuts it has made, he said.

Wednesday - 03/18/2015, 04:35pm EDT

Gordon Adams, Distinguished Fellow, Stimson Center

The Senate Budget Committee's markup of its FY 2016 budget resolution is under way on Capitol Hill. Committee Chairman Mike Enzi's (R-Wyo.) plan is a lot different than the one the Chairman of the House Budget Committee, Rep. Tom Price (R-Ga.), rolled out yesterday. Gordon Adams is a professor at American University and former OMB official responsible for national security budgets. On In Depth with Francis Rose, he said the House's plan to boost the Overseas Contingency Operations budget to reach the level of spending the Obama administration wants for the Pentagon is a gimmick.

Wednesday - 03/18/2015, 04:28pm EDT
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DoD pursues back-office savings ahead of potential cuts from sequestration

The Defense Business Board outlines three approaches for the Pentagon to save $125 billion across six administrative areas. Defense Deputy Secretary Bob Work said the 90-day study will help his department improve productivity as sequestration looms.

Wednesday - 03/18/2015, 04:05am EDT
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GOP offers $3.8T budget that boosts defense, cuts elsewhere

GOP offers $3.8T budget that boosts defense spending, cuts elsewhere and balances in 10 years.

Wednesday - 03/18/2015, 12:54am EDT

FBI land swap concerns dominate GSA budget hearing

The plan to swap the FBI's current building in downtown Washington for an as-yet-unnamed site in the metro region is causing consternation on Capitol Hill. Some members used a House Appropriations subcommittee hearing to share their concerns with GSA's new leader, Denise Turner Roth.

Tuesday - 03/17/2015, 05:35pm EDT

Ira Hobbs, Principal, Hobbs & Hobbs

Republican budget leaders in the House of Representatives introduced their fiscal 2016 budget plan today. President Barack Obama and House Democrats call it a non-starter, but the budget process is moving. After a fiscal 2015 budget that included appropriated bills across government, some agencies are starting to update or replace legacy systems. Ira Hobbs is principal of Hobbs and Hobbs, and former deputy assistant secretary for information technology at the Treasury Department. On In Depth with Francis Rose, he explained how to get your transformation effort off to the right start.

Tuesday - 03/17/2015, 04:48pm EDT
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Gary Schmitt, Co-Director, Marilyn Ware Center for Strategic Studies, AEI

The House of Representatives released its fiscal 2016 budget proposal. It would parse back the strict spending limits on the Defense Department while keeping in place a range of cuts for domestic programs. Gary Schmitt is co-director of the Marilyn Ware Center for Strategic Studies at the American Enterprise Institute, and former staff director of the Senate Select Committee on Intelligence. On In Depth with Francis Rose, he broke down the House Budget Committee's plan.

Tuesday - 03/17/2015, 04:36pm EDT
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House GOP budget calls for increase in feds' retirement contributions

House Budget Committee Chairman Tom Price (R-Ga.) released his $3.8 trillion budget plan, which includes language calling for an increase to federal employees' contributions to their retirement plans. All federal employees would pay 6.6 percent of their pay into their retirement plans. The bill also increases funding to the Defense Department's Overseas Contingency Operations fund, while keeping total DoD spending under sequestration caps.

Tuesday - 03/17/2015, 03:06pm EDT
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