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Budget News

Beef jerky, reality shows, beer: Coburn tells DoD to cut it all out

A new report, called the Department of Everything, says DoD spending over the next 10 years will total almost $68 billion on non- military goods and services. Some recent examples include a smartphone app to help military members manage their caffeine intake and the sponsorship of a workshop by the Defense Advanced Research Projects Agency called the 100 Year Starship project, which included a session called, "Did Jesus die for Klingons too?"

Friday - 11/16/2012, 11:56am EST
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Postal Service pension surplus shrinks as Donahoe renews call for legislation

Surplus payments the Postal Service made to the Federal Employee Retirement System are much smaller than once thought. Last year, the surplus was estimated to be $11.4 billion. But because of a reduction in projected long-term interest rates, OPM estimated the surplus would drop to $2.6 billion. SPS had wanted to use those overpayments to pay down some of its debts

Monday - 12/17/2012, 12:34pm EST
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Post office reports record loss of $15.9B for year

The struggling U.S. Postal Service on Thursday reported an annual loss of a record $15.9 billion and forecast more red ink in 2013, capping a tumultuous year in which it was forced to default on billions in payments to avert bankruptcy.

Wednesday - 05/09/2012, 11:43am EDT

GOP senator outlines $68 billion in defense cuts

Defense spending could be slashed by $68 billion over 10 years if the military stopped spending millions on running grocery stores, operating its own schools and even developing a roll-up version of beef jerky, insists one of the Senate's leading fiscal conservatives. In a new report, Republican Sen. Tom Coburn dubs the Pentagon the "Department of Everything."

Thursday - 11/15/2012, 11:21am EST

Layoffs, furloughs ... Take a deep breath

The end is near. We are only a few weeks away from sequestration and going over the fiscal cliff. So is there any hope? If history repeats itself, the short answer may be yes. Or at least maybe, Senior Correspondent Mike Causey says.

Thursday - 11/15/2012, 07:43am EST

Obama talks Petraeus probe, reforming government in post-election news conference

In his first news conference since Election Day, President Barack Obama took questions from reporters on a range of issues, including impending across-the-board budget cuts and the widening sex scandal that ensnared CIA Director David Petraeus.

Friday - 02/15/2013, 04:13pm EST
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'Unleashing' technology could slash deficit by $200B, report says

Better leveraging technology in a handful of key areas could help solve pressing national challenges, improve the quality of government services and reduce the federal deficit by more than $200 billion. That's the main takeaway from a collection of reports that make up the 2012 Quadrennial Government Technology Review, commissioned by the American Council for Technology-Industry Adivsory Council's Institute for Innovation. Anne Reed and Molly O'Neill, the two co-chairs of the institute's steering committee, and Wendy Henry, a member of the steering committee, joined In Depth with Francis Rose to discuss the reports' findings.

Monday - 12/17/2012, 12:34pm EST
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An analysis of the 2012 presidential election

Former Virginia Congressman and current Deloitte Federal Government Affairs Director Tom Davis talks about this year's presidential election results.
November 13, 2012

Tuesday - 11/13/2012, 09:26pm EST
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Bears, budgets, farmers top Congress to-do list

Bears and budgets top the list as Congress returned Tuesday from a seven-week election break to a long list of unfinished business.

Monday - 09/10/2012, 06:53pm EDT

Congress faces agenda of unfinished business

Averting sequestration sits atop the to-do as Congress returns Tuesday from a seven-week election break to a long list of unfinished business.

Friday - 02/15/2013, 04:15pm EST

Deficit cutters look to Pentagon budget

One war is done, another is winding down and the calls to cut the deficit are deafening. The military, a beneficiary of robust budgets for more than a decade, is coming to grips with a new reality _ fewer dollars.

Monday - 11/12/2012, 01:24pm EST

'Careless' budget cut threatens critical debris tracking system, Air Force space chief says

Gen. William Shelton says some costs for space activities are unsustainable and the service is working to bring them down. But he implored "congressional teammates" not to cut funding for programs that are working.

Monday - 11/12/2012, 09:07am EST
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The 2012 election and its impact on the federal government

Charles Clark, senior reporter at Government Executive magazine will talk about what's in store for federal agencies, now that President Obama has won a second term.
November 9, 2012(Encore presentation November 30, 2013)

Friday - 11/09/2012, 07:44pm EST
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Federal-employee, veterans groups assail proposal to limit COLAs

Federal-employee groups and veterans organizations say a legislative proposal that would result in lower cost-of-living adjustments for federal and Social Security retirees is a non-starter. Moving to a "Chained" Consumer Price Index method of calculating inflation would curtail future benefits for Social Security retirees, including federal employees and veterans, opponents of the proposal say.

Monday - 12/17/2012, 12:34pm EST

Next few weeks critical to defining DoD in second Obama term

"Fog bank" of threatened automatic spending cuts makes predicting Defense policy under a re-elected President Obama difficult. But experts agree DoD is likely to take more cuts, with or without sequestration.

Friday - 02/15/2013, 04:19pm EST
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Report: White House could blunt impact of sequestration - at least for a while

A new report from independent watchdog group OMB Watch suggests the White House has a few tools at its disposal to blunt the impact of the automatic, across-the-board cuts. The strategies include shifting funds around within agencies and the Office of Management and Budget and agencies, themselves, shifting funds and controlling the rate of federal spending, said Patrick Lester, the director of federal fiscal policy for OMB Watch.

Monday - 12/17/2012, 12:34pm EST
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Congress' first post-election task: Avoid fiscal cliff

Taking little time to celebrate, President Barack Obama is setting out to leverage his re-election into legislative success in an upcoming showdown with congressional Republicans over taxes, deficits and the impending "fiscal cliff." House Speaker John Boehner says Republicans are willing to consider some form of higher tax revenue as part of the solution - but only "under the right conditions."

Thursday - 11/08/2012, 10:09am EST

Will election results mean more gridlock on budget, sequestration?

President Barack Obama's victory over Republican Challenger Mitt Romney didn't come as a surprise to anyone who was following the pre-election polls. Few surprises occurred in the congressional races as well, which suggested a return of the status quo in Washington and continued gridlock ahead.

Monday - 02/18/2013, 02:01pm EST
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Who will stay and who will go in Obama's second term?

President Barack Obama is gearing up for a second term in office, but some members of his Cabinet are on their way out, experts tell Federal News Radio. The legwork for these top- tier changes and others is already in motion behind-the-scenes.

Friday - 11/09/2012, 08:54am EST
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How will recent legislative proposals affect federal officers and agents?

Jon Adler, president of the Federal Law Enforcement Officers Association, and Tony Vergnetti, president of Federal Employee Defense Services will update us on recent legislative work during lame duck session.
November 2, 2012

Friday - 11/02/2012, 05:14pm EDT
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