Budget News 
2013 Budget Resources
Top News
- Data breach puts DHS workers at risk of ID theft
- DoD to pursue commercial alternative to VA's VistA system
- Obama to nominate Tangherlini as GSA administrator
- PHOTOS: Meet the 2013 Service to America Medal Finalists
- House GOP panel moves on deep budget cuts
- OMB fuels synergy between mobile, open data
- IRS official Lerner: 'I did nothing wrong'
- OMB reworking financial system requirements to focus on outcomes, not inputs
- Retirement funds temporarily tapped to avoid debt limit default
- VanRoekel to lead OMB management team
- SBA starting new lending program for veterans
- New Apple devices cleared to join DoD IT networks
- Bonuses under fire at GSA, other agencies
- Wednesday federal headlines - May 22, 2013
Geithner says LIBOR investigation complex
Treasury Secretary Timothy Geithner says regulators waited four years to penalize Barclays bank for trying to manipulate a key global because the investigation was complex.
Sequestration could spur furloughs at Education
Education Secretary Arne Duncan said the furloughs would address tighter budgets caused by sequestration. He also discussed other possible effects, including reductions in contracting. Wednesday's hearing represented the first time members of Congress have closely examined the effects across-the-board spending cuts could have on civilian agencies.
Education secretary urges balanced budget cuts
Services would have to be slashed for more than 1.8 million disadvantaged students and thousands of teachers and aides would lose their jobs when automatic budget cuts kick in, Education Secretary Arne Duncan said Wednesday.
Navy simplifies IT proposal template to focus on savings
The Navy's chief information officer released an abbreviated business case analysis template in an effort to encourage IT industry personnel to propose ideas focused on cost savings. The CIO must continue to decrease IT spending by 25 percent over the next four years.
Government accountants issue advice to Treasury to help clean up its books
After a year-long study, the Association of Government Accountants issued a report suggesting a dozen changes and steps that would improve how the U.S. Treasury Department tracks government-wide revenue, spending and the federal deficit.
When the S (sequestration) hits the fan?
Is your work world about to change dramatically, or end? If Congress doesn't act quickly the S could literally hit the fan, Senior Correspondent Mike Causey says.
House votes to bar Pentagon deal with Russian firm
The House lashed out at Russia for its unwavering support for Syria, voting Thursday to stop the Pentagon from doing business with a Russian company that has armed Bashar Assad's regime.
Impact of health IT spending; sequestration and Capitol Hill
On this week's Bloomberg Government Capital Impact show, analysts will discuss the benefits of electronic health records, and legislation that could make its way through Congress before the sequestration deadline.
Defense company executives warn of layoffs if cuts go through
A slate of defense industry executives lined up to testify before the House Armed Services Committee Wednesday, telling lawmakers that the automatic budget cuts known as sequestration would be devastating to their businesses and could lead to mass layoffs. The lack of action by Congress, so far, to avert the cuts has led to a "fog of uncertainty" even now, five months away from when sequestration would take effect, the CEO of Lockheed Martin testified.
The FEW list
Janet Kopenhaver, Washington representative for
Federally Employed Women, will talk about the
impact of some bills pending in Congress that
affect federal employees.
July 18, 2012
House passes bill requiring White House to hand over sequestration details
The House handily approved a bipartisan bill requiring the Obama administration to provide more information about how automatic, across-the-board cuts, known as sequestration, will be implemented starting in January. While the vote cut across party lines, lawmakers continue to disagree about ways to come up with alternatives.
Clock already ticking on automatic cuts
Roughly five months until across-the-board budget reductions, known as sequestration, are set to kick in, the Aerospace Industries Association unveiled a new report Tuesday that warned of jobs losses, billions in losses to the economy and a blow to wages from the $1.2 trillion, 10-year cuts in defense and domestic programs. The report comes amid a cacophony of election-year demands and partisan backbiting over how to avert the impending cuts that will only grow louder in the coming weeks. Lawmakers agree that it's imperative that Congress move swiftly before the November election to avert the cuts, but have offered wide variations on a solution.
DHS management failures threaten terrorism prevention, experts warn
Longstanding problems with integration put DHS' mission to protect the country at risk, former leaders and lawmakers said. Nine years after it was created, the department still struggles to make its many components and agencies work as one.
U.S. Border Patrol to eliminate nine interior stations across the country
Budget pressures and a change in mission leads to cuts in U.S. Customs and Border Protection. Border stations in California, Montana, Idaho and Texas face closures that will affect 48 border patrol members.
US government records $904.2B deficit through June
The U.S. budget deficit grew by nearly $60 billion in June, remaining on track to exceed $1 trillion for the fourth straight year.
Boehner says no decision on farm bill vote
House Speaker John Boehner said Thursday that no decision has been made on House consideration of a five-year, $500-billion farm and nutrition bill that has cleared the Senate and was approved earlier in the day by the House Agriculture Committee with some changes.
Planning for sequestration; Corporate money & candidates
On this week's Bloomberg Government Capital Impact show, defense analysts examine which types of contractors would be most affected by sequestration. Plus, how are corporations spending money on the presidential election?
Lockheed announces 740 job cuts to D.C.-based unit
Lockheed Martin, one of the world's largest defense contractors, has announced a 5 percent workforce reduction at its Mission Systems and Sensors (MS2)business area. The company said it notified 308 of its U.S.-based employees Tuesday "that they will no longer have employment with the company," according to a release.
Feds offer ideas on agency cost-cutting
The White House kicked off the fourth annual SAVE Award, seeking cost-cutting ideas from those who know best how to help Uncle Sam pinch pennies — federal employees. Employees have until July 24th to submit ideas for reducing government spending.
CBO: House bill requiring detailed program inventories will cost $100M
A House bill designed to reduce government redundancy by requiring agencies to provide detailed reports about the programs they operate will cost about $100 million for agencies to implement, according to a Congressional Budget Office analysis. The Taxpayers Right to Know Act, introduced by Rep. James Lankford, would required agencies to publicly post detailed information about each of the program they operate, including costs and the number of employee dedicated to them.
