6:20 pm, June 19, 2013
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Budget News

Would furloughs slow recession recovery?

Much of the media is treating the threat of a 22-day federal furlough as if it were a sporting event, Senior Correspondent Mike Causey says. But this is big-time, heavy economic stuff. A revenue-choker for struggling state and local governments and a possible threat to economic recovery.

Wednesday - 02/13/2013, 10:51am EST

GOP lawmakers see automatic cuts as leverage

There's a growing sense of resignation that the country's political leaders will be unable or unwilling to find a way around looming automatic spending cuts despite fresh signs the cuts would threaten the recovering economy.

Wednesday - 02/13/2013, 01:52pm EST

Navy details two rounds of budget cutbacks for 2013

Round one is already in effect and includes a civilian hiring freeze, cancellation of conferences, cutbacks on training, and a reduction in IT spending for the Navy. Round two would involve unpaid civilian furloughs, operational reductions for deployed ships, and cuts to tuition assistance for sailors.

Wednesday - 01/30/2013, 05:14am EST
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Q & A with OMB's Joe Jordan

Joe Jordan, administrator for Federal Procurement Policy at OMB, joins host Roger Waldron to discuss a wide range of procurement issues.
January 29, 2013

Tuesday - 01/29/2013, 05:35pm EST
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Sequestration effects becoming clear for DoD

DoD's operations and maintenance accounts will likely be hit first if sequestration goes into effect. Unlike its procurement and research and development activities, which can continue to function on funds obligated in prior years, O&M dollars generally get spent right away. In preparation for sequestration, the Pentagon has already let go of tens of thousands of temporary hires and is drawing up a contingency plan for one-day-a-week furloughs. Deputy Secretary Ashton Carter says the unpaid furloughs would begin in April and continue through the remainder of the fiscal year if sequestration is not avoided.

Wednesday - 02/13/2013, 02:07pm EST
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DFAS halts hiring ahead of possible sequestration

The Defense Finance and Accounting Service will implement significant cost-cutting measures next week to prepare for the possibility of automatic spending cuts due to hit government in March. DFAS plans to freeze most hiring, reduce travel and overtime, and temporarily halt new employee performance awards, according to DFAS Director Terri McKay.

Wednesday - 02/13/2013, 02:09pm EST

Upcoming deadlines in debt limit, budget fights

Upcoming deadlines in this year's budget and debt limit fight between President Barack Obama and congressional Republicans:

Wednesday - 02/13/2013, 02:10pm EST

Biden's recent moves stoking chatter about 2016

Joe Biden is thanking Democratic supporters in the afterglow of President Barack Obama's second inauguration, dropping plenty of hints that he may try to cement Obama's legacy with his own presidential campaign in 2016.

Monday - 08/06/2012, 12:11pm EDT

Reid says Senate Dems will accept House debt bill

Senate Majority Leader Harry Reid says Senate Democrats will support a House Republican bill extending the government's ability to borrow for four months.

Wednesday - 01/23/2013, 12:39pm EST

Senate Democrats plan budget debate

Incoming Senate Budget Committee Chairman Patty Murray says Democrats controlling the chamber will attempt to pass a budget for the first time since 2009.

Wednesday - 01/23/2013, 12:39pm EST

House postpones federal pay freeze vote

The House has postponed a vote on a bill to extend the federal pay freeze through the rest of 2013. In its place, the House is set to vote on a measure withholding congressional pay unless lawmakers pass a budget — part of a broader deal to extend the debt limit.

Tuesday - 01/22/2013, 03:13pm EST

Unions, industry groups spar over impact of sequestration

Guidance from the administration on what steps federal agencies should take to prepare for potential across-the-board budget cuts has set off a war of words between federal-employee unions and industry groups. The American Federation of Government Employees says guidance exempts contractors at the expense of federal employees, but industry groups say the criticism is misguided.

Wednesday - 02/13/2013, 02:11pm EST

Army freezes civilian hiring, cuts base spending ahead of potential sequestration

The Army has put an immediate freeze on civilian hiring and will begin terminating some temporary employees to reduce spending ahead of potential across-the-board budget cuts later this year. Army Chief of Staff Ray Odierno and Army Secretary John McHugh also directed Army commanders and supervisors to reduce base-operations support spending.

Wednesday - 02/13/2013, 02:12pm EST

Navy living out its 'heyday,' but rough seas ahead

Robert Work, the undersecretary of the Navy, says forget about the Reagan-era aspirations of a 600-ship fleet. Even with a smaller Navy, things are better than ever, he says, even if they're about to get worse due to smaller budgets and the threat of sequestration. "Yes, things might get worse. In fact, they probably will get worse. But this is the heyday of the U.S. Navy. And, if you're not excited, you ain't breathing," he said at the Surface Navy Association's annual symposium this week.

Wednesday - 02/13/2013, 02:14pm EST
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House GOP may seek short-term debt limit extension

House Republicans may seek a quick, short-term extension of the government's debt limit, a move that would avoid an immediate default by the Treasury as the party seeks to maximize leverage in negotiations over spending cuts with President Barack Obama this spring, officials said Thursday.

Thursday - 01/17/2013, 07:19pm EST

Navy reducing IT spending ahead of schedule

The Department of the Navy is finding real dollar savings by moving to enterprise software licenses, managing mobile devices and services better and reducing the number of printers and the amount printed. Terry Halvorsen, the DoN CIO, said they are on track to meet the goal of cutting 25 percent of their IT budget in five years.
January 17, 2013

Thursday - 02/14/2013, 05:43pm EST
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Government shutdown, furloughs, and more

Janet Kopenhaver from Federally Employed Woman and Federal Times Senior Writer Sean Reilly, join host Mike Causey to talk about what would happen if the federal government were to shut down.
January 16, 2013

Wednesday - 01/16/2013, 06:02pm EST
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Pentagon issues dire warning to Congress about budget cuts

The nation's top military leaders warned Congress in unusually stark terms that its failure to pass a 2013 defense budget - coupled with the threat of automatic budget cuts - has pushed the Pentagon to the brink of a crisis.

Wednesday - 02/13/2013, 02:15pm EST

Begin saving cash now, Air Force tells commanders

The Air Force orders commanders to start cutbacks in advance of the next budget emergency.

Wednesday - 02/13/2013, 02:18pm EST
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House rejects agency budget cuts in Sandy relief bill

The House soundly rejected an amendment to the Superstorm Sandy aid bill that would have required an across-the-board 1.63 percent cut to agency spending to offset the emergency funding. Rep. Mick Mulvaney (R-S.C.) introduced the amendment last week along with a separate proposal to revoke a mass-transit subsidy for federal workers.

Wednesday - 01/16/2013, 04:26am EST
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