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Shows & Panels
A stalemate between Democrats and Republicans that ends up boosting taxes and slashing federal spending in January would likely thrust the nation into a 2013 recession and cost 2 million jobs by the end of that year, Congress' top nonpartisan budget analyst warned Wednesday.
Dan Blair, DoD's deputy inspector general for auditing, blames delays on a new, resource planning system. He says the department has inconsistent controls and unreliable data.
Spending levels appropriated by Congress, so far, for fiscal 2013 fail to live within the limits set by last year's Budget Control Act (BCA), the Office of Management and Budget said in a report issued Monday. If Congress fails to adhere to the annual limits, OMB is required to enact automatic cuts to bring them back into balance, Acting OMB Director Jeffrey Zients wrote in a letter to President Barack Obama that preceded OMB's report.
President Barack Obama told the press Monday that he doesn't think Congress will reach a deal to avoid deep cuts to defense spending prior to the upcoming election.
A new survey from the National Treasury Employees Union finds two-thirds of Americans said Congress should raise taxes on the country's wealthiest citizens before cutting vital public services. However, others say the survey didn't ask the right questions.
OMB issued fiscal 2014 technology project guidance detailing the steps agencies should take to reduce spending across six areas. Agencies also must tell OMB how it would reinvest the savings into new or innovative projects.
On this week's Capital Impact show, guests discuss how the Paul Ryan budget plan would affect federal spending, how NASA would be affected by sequestration, and two new mobile apps for this year's Democratic and Republican conventions.
August 16, 2012
Host Mike Causey moderates a roundtable discussion
of sequestration, postal service buyouts, and
August 15, 2012
Beth Farrell and Jim Schweiter from McKenna Long and Aldridge LLP will discuss the impact of sequestration.
August 14, 2012(Encore presentation September 4, 2012)
Come January, be prepared for fewer air traffic controllers, FBI agents, border patrol officers and park rangers, as well as lower farm and winter heating subsidies. Less meat might get inspected. Furloughs will likely sweep across the government. Even the weather service could be affected.
Mitt Romney's vice-presidential nominee, Rep. Paul Ryan (R-Wis.), was the main architect of a budget plan that would slash federal benefits and would extend the pay freeze.
The Federal Aviation Administration is slated to lose $1 billion from its budget if Congress does not act to prevent sequestration, according to a study released by the Aerospace Industries Association. But the cuts would ripple throughout the nation's economy. About 100,000 jobs throughout the economy would be lost.
A trio of Republican senators sounded the alarm over billions of dollars' worth of "catastrophic" and "draconian" military budget cuts set to take effect in January, telling an audience Monday that more time was needed for negotiations.
Intelligence community observer Ellen McCarthy says massive across-the-board spending cuts would result in significant layoffs in both the federal government and the private sector.
Avue Technologies Co-CEO Linda Rix, joins host Derrick Dortch to talk about what's ahead for federal human resources managers.
August 10, 2012
The Postal Service lost $5.2 billion in the third quarter of this year, bringing its year-to-date tally of red ink to $11.6 billion for the first nine months of 2012. The USPS chief financial officer said the organization's liquid assets are running perilously low. Postmaster General Patrick Donahoe faults an "inflexible" business model and urged action by Congress.
Federal chief human capital officers should develop a consistent message about the effects of budget cuts on human resources, said CHCO Council Executive Director Kathryn Medina. The goal is to explain the tangible effects of spending reductions on core agency missions.
The Project on Government Oversight reviewed the size of five of the largest defense contractors and found three of the five were reducing their workforces even as the Defense Department's procurement budget ballooned between 2006 and 2011.
Army Under Secretary Joseph Westphal said if the automatic spending cuts known as sequestration go into effect, the impact to the Defense Department will be "devastating." At the same time, the DoD still must plan for cuts as tight budget continue and combat operations shrink.
To be eligible, employees must have 20 years of creditable service and be at least 50 years of age, or have at least 25 years of creditable service at any age, including five years of civilian service, according to an SSA email to Federal News Radio.