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5:45 pm, September 2, 2014

Treasury Department News

Counterfeit feds

Should you even be doing your job? Is it possible that a private sector firm could do what your agency does at less cost to the taxpayers? It's been tried before, namely in the IRS, with very, very mixed results.

Monday - 05/12/2014, 05:18am EDT

Treasury begins shared services quest to educate, integrate

The Office of Financial Innovation and Transformation issued two RFIs in the last few weeks. One announced an industry day for May 21, and the other is looking for ideas to improve how the government manages and integrates data from different systems.

Thursday - 05/08/2014, 04:08am EDT
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TIGTA's telework success sprouts savings, changes in other IT areas

George Jakabcin, the chief information officer for Treasury's Inspector General for Tax Administration, said a top priority is reducing how many printer and copier devices his office supports, while also improving the network experience for employees no matter where they are working.
May 2, 2014

Monday - 05/05/2014, 06:19am EDT
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USDA joins the ranks of the financial shared services providers

The Office of Management and Budget and the Treasury Department Friday announced they recertified the departments of Interior, Treasury and Transportation and added USDA to be the support pylons of its financial management shared services initiative. GSA is no longer an approved provider, and it's unclear where its 44 customers will migrate to next.

Monday - 05/05/2014, 04:59am EDT

Jim White, Director of Tax Issues, Government Accountability Office

Budget cuts have left the IRS high and dry. The Government Accountability Office says the agency has absorbed $900 million in cuts over the past four years. At the same time, the agency is failing to keep up with a growing source of tax revenue: large partnerships. Congress has raised concerns about the extent to which the IRS is able to audit these entities. Jim White, director of tax issues at the GAO, told Federal Drive hosts Tom Temin and Emily Kopp about the partnerships.

Wednesday - 04/23/2014, 10:19am EDT
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IRS audits less than 1 percent of big partnerships

The Government Accountability Office says the number of large businesses organized as partnerships has more than tripled since 2002, yet hardly any get audited.

Friday - 04/18/2014, 03:50pm EDT

Martha Dorris and Ira Hobbs

The latest small business contracting numbers numbers show agencies are struggling to hit their goals for doing business with small businesses. Those companies and entrepreneurs want to bring innovation and agility to the federal government, but they struggle to navigate the process. Martha Dorris, deputy associate administrator at GSA's Office of Citizen Services and Innovative Technologies and ACT-IAC Small Business Conference Government chair, and Ira Hobbs, principal at Hobbs & Hobbs and former chief information officer at the Treasury Department and ACT-IAC SBC industry chair, tell In Depth with Francis Rose small business could hold the keys to success for your next IT project.

Tuesday - 04/15/2014, 04:56pm EDT
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Treasury figuring out how the shared services pieces fit into governmentwide puzzle

In part 3 of our special report, Shared Services Revisited, Federal News Radio explores the administration's plans to ensure success in consolidating and standardizing financial systems this time around. Beth Angerman, director of Treasury's Office of Financial Innovation and Transformation (OFIT), said the goal is creating a repeatable, sustainable process for agencies to move to federal financial management providers. Over the next six months, Treasury and OMB must answer many of the outstanding questions about how this initiative will truly work.

Thursday - 04/10/2014, 04:26am EDT
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Financial management providers ill-equipped to take on large customers

In our special report, Shared Services Revisited, OMB still must solve long-standing challenges to ensure federal providers are capable of bringing on large, cabinet level agencies. The role of the private sector is leaving some vendors unhappy, but officials say history shows their success rate with financial management system implementation to be poor.

Wednesday - 04/09/2014, 04:11am EDT
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House committee: Possible crimes by IRS official

House committee to vote on referring former IRS official to Justice for possible prosecution

Tuesday - 04/08/2014, 05:00am EDT

Familiar questions, few answers so far for OMB's latest financial systems effort

In part 1 of Federal News Radio's special report, this second attempt by OMB to move agencies to financial management shared services is fraught with the same obstacles of a decade ago. But OMB believes this attempt at shared services is different. The administration says budget concerns and technology advancements will help overcome these long-standing barriers.

Tuesday - 04/08/2014, 04:43am EDT
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Agencies setting off into the next data frontier -- procurement

GSA, NASA and NIH are providing agency customers more insight into what they are buying, how they are buying it and what prices they are paying. OFPP plans to launch the Prices Paid Portal later this year. But others say it's not about the data, but the outcomes agencies are trying to achieve.

Friday - 03/21/2014, 04:44am EDT

Debra Roth, partner, Shaw, Bransford & Roth

The strange case of Lois Lerner - a federal official pleading the fifth - and the IRS.

Thursday - 03/20/2014, 09:44am EDT
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Former IRS official refuses to testify at hearing

Former IRS official Lois Lerner refuses to testify at House hearing on tea party targeting

Thursday - 03/06/2014, 01:22am EST

Agencies highlight accomplishments, prepare for new performance goals

The White House will release an updated list of agency high-priority goals and cross-agency priority goals with the annual budget request to Congress in March. Meanwhile, the Office of Management and Budget detailed agency successes over the last two years in meeting current goals.

Friday - 02/14/2014, 05:07am EST
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US to get approximately $17.2T debt limit Friday

The U.S. government is getting a new borrowing cap Friday, almost four months after Washington defused October's government shutdown and debt crisis.

Sunday - 02/09/2014, 12:30pm EST

New IRS chief says budget crunch, understaffing taking its toll

John Koskinen, sworn in as IRS commissioner in late December, has been meeting with frontline employees and crunching numbers for the last several weeks. He told Congress Wednesday that every corner of the agency is underfunded, and as a direct result, the Treasury is collecting fewer dollars than it should.

Thursday - 02/06/2014, 03:47am EST
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OMB Controller Werfel leaves federal service

Danny Werfel has resigned from his position of controller of the Office of Management Budget and left the federal government. He had served as controller since October 2009.

Monday - 01/27/2014, 09:57am EST

Reduced conference spending could save government $500M each year

Increased oversight and tighter controls have led to a nearly 90 percent drop in conference spending since 2010 at four agencies. The reductions could amount to $500 million in annual savings across the government.

Wednesday - 01/08/2014, 10:47am EST

IRS nominee on track for approval despite acrimony

IRS nominee on track for confirmation despite acrimony among Senate Democrats, Republicans

Tuesday - 12/10/2013, 05:45pm EST
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