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Budget News

FEHBP modernization plan receives cautious optimism from Hill

The Office of Personnel Management told the House Oversight and Government Reform Committee that the 50-year-old law creating the Federal Employees Health Benefits Program (FEHBP) has hurt its ability to keep the FEHBP up-to-date. The agency estimates billions in savings over the next decade should Congress approve the White House's proposals in the 2014 budget request.

Friday - 04/12/2013, 12:27pm EDT
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Budget, sequestration and jobs

On this week's Capital Impact show, Bloomberg Government analysts discuss the latest jobs report and and how sequestration is affecting the economy of Fairfax County Virginia.
April 11, 2013

Thursday - 04/11/2013, 04:42pm EDT
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An agency-by-agency guide to Obama's 2014 budget

An agency-by-agency guide to Obama's proposed budget for fiscal 2014

Thursday - 04/11/2013, 04:01am EDT

Obama budget: Spending cuts, higher smokers' taxes

Obama's budget: Trim Social Security benefits, raise smokers' taxes to trim federal deficits

Thursday - 04/11/2013, 02:52am EDT

Is your retirement check shrink-proof?

Senior Correspondent Mike Causey wants to know: Would you be willing to accept a slightly smaller retirement benefit if it would help get the country out of debt? What if future cost-of-living adjustments to your civil service benefit were reduced by a mere 0.3 percent each year?

Thursday - 04/11/2013, 12:00am EDT

President's 2014 budget includes pay increase, but retirement changes loom large

Federal employees would see a slight pay bump next year under President Barack Obama's proposed budget for 2014. But at the same time, the White House budget outline proposes sweeping changes to federal employees' retirement benefits, including reductions to annual cost-of-living increases for retirees.

Thursday - 04/11/2013, 05:22pm EDT

White House pushes $2B increase in IT spending

The White House asked Congress for a $2 billion increase in federal technology funding for fiscal 2014. Federal CIO Steve VanRoekel said there is broad recognition that the time to invest in IT is now because of the long-term savings and benefits it can bring.

Friday - 04/12/2013, 09:37am EDT
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DoD's 2014 budget: Fewer civilians, higher retiree health fees

The Defense Department's 2014 budget proposal reduces the size of the civilian workforce slightly, increases TRICARE premiums, and requests another round of base closures. It also calls for a slight raise for both civilian employees and uniformed servicemembers. The budget significantly exceeds the Defense spending caps in current law.

Friday - 04/12/2013, 09:39am EDT

Intel community seeks to protect workforce from sequestration's impact

James Clapper, the director of National Intelligence, said the 17-agency community is trying not to repeat lessons of past cuts that hampered analytical capabilities. Clapper also issued a new IC-wide code of ethics and made a key change to the security clearance form.

Wednesday - 04/10/2013, 04:00am EDT

Federal budget cuts ground Air Force aircraft

Budget cuts ground 3rd of Air Force warplanes; those headed to Afghanistan to be mission ready

Wednesday - 04/10/2013, 05:42am EDT

Obama budget plan revisits small-bore budget cuts

Obama budget plan revisits small-bore budget cuts that have proven difficult to pass

Tuesday - 04/09/2013, 12:00pm EDT

Analysis: Pay, benefits, O&M will swallow entire DoD budget by 2024

Absent structural changes, the combination of 10-year budget caps Congress has already approved and rising growth in personnel costs mean DoD would be able to sign paychecks, administer healthcare benefits and not much more.

Monday - 04/08/2013, 06:00am EDT
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FAA delays closing of airport control towers

Faced with complaints and legal challenges, FAA puts off closing of airport control towers

Sunday - 04/07/2013, 08:12am EDT

Budget calls for 4 percent spending increase at VA

White House says proposed spending increase for VA shows support for vets

Saturday - 04/06/2013, 12:44am EDT

Changes to COLAs, retirement benefits included in Obama's 2014 budget

President Barack Obama is calling for the implementation of the "chained Consumer Price Index" to measure inflation. The change will reduce cost-of-living adjustments for retired federal employees and Social Security recipients. The 2014 budget is officially scheduled for release on Wednesday.

Wednesday - 04/10/2013, 10:32am EDT

Smaller IT budget doesn't stop FDIC from modernizing

Russ Pittman, the Federal Deposit Insurance Corporation's chief information officer and director of the Division of IT, said he asked for a technology budget that is eight percent less in 2013 because the agency completed several large scale projects.
April 4, 2013

Thursday - 04/04/2013, 10:37pm EDT
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OMB offers updated guidance to agencies facing sequestration cuts

The Office of Management and Budget has directed agencies to take full advantage of the funding flexibilities they have under law as they implement across-the-board sequestration cuts, that went into effect March 1. In an April 4 memo, OMB Controller Danny Werfel also directed agency and department leaders to be mindful of certain types of performance awards and to work with agency inspectors general before making cuts to IG offices.

Friday - 04/05/2013, 03:43am EDT

Hagel tells Pentagon to brace for more cost cutting

In his first policy speech, new Defense Secretary Chuck Hagel praised the military, but acknowledged DoD has grown older and more expensive in almost every way. While not a tacit acceptance of the automatic budget cuts imposed by sequestration, Hagel acknowledged it was time for the military to reassess how it can operate in the new budgetary environment where there will be fewer dollars available.

Thursday - 04/04/2013, 09:38am EDT
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Feds helping furloughed feds

Federal Employee Education and Assistance Fund Executive Director Steve Bauer, and Sean Reilly from the Federal Times, will discuss furloughs, and their impact on feds.
April 3, 2013

Wednesday - 04/03/2013, 05:39pm EDT
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Budget expert Ray Bjorklund leaves Deltek

The former chief knowledge officer declined to say what his next move would be, but he does not plan to retire.

Tuesday - 04/02/2013, 02:02pm EDT
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