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3:16 pm, August 20, 2014

Treasury Department News

New IRS head says taxpayers no longer trust agency

New IRS head says he is committed to restoring 'broken' trust in agency after tea party storm

Tuesday - 06/04/2013, 03:24am EDT

IRS replaces official in tea party controversy

IRS replaces official who supervised agents involved in targeting tea party groups

Friday - 05/24/2013, 03:50am EDT

OMB reworking financial system requirements to focus on outcomes, not inputs

The administration is expected to release a new directive in the coming weeks to update Circular A-127, which defines how agencies operate their financial systems. The new guidance is expected to open the market up to vendors and make it easier for agencies to transition to shared service providers.

Tuesday - 05/21/2013, 05:27am EDT
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Retirement funds temporarily tapped to avoid debt limit default

In order to avoid defaulting on the national debt, Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time.

Tuesday - 05/21/2013, 04:10am EDT

More Obama aides knew of IRS audit; Obama not told

White House chief of staff Denis McDonough and other senior advisers knew in late April that an impending report was likely to say the IRS had inappropriately targeted conservative groups.

Tuesday - 05/21/2013, 03:40am EDT

Do Not Pay list lacks data as implementation nears

Senate lawmakers are promising to change the laws to let agencies have easier access to the Death Master File and other key databases. Starting June 1, agencies must check the Do Not Pay list before issuing any money.

Thursday - 05/09/2013, 05:49am EDT
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Treasury secretary working on penmanship

Treasury Secretary Jacob Lew's loopy signature is showing signs of improvement as he gets ready to affix his "Jacob Lew" to the nation's currency.

Wednesday - 05/08/2013, 12:13am EDT

Sequestration: the new heartburn and Alka-Seltzer combo

The threat of furloughs is hanging heavy over tens of thousands of federal workers who say they won't be able to pay the bills if forced to stay home for five to 15 days. So, Mike Causey wants to know, is there light at the end of this tunnel?

Monday - 05/06/2013, 02:00am EDT

IRS to furlough all 90,000 employees

The agency has identified five furlough days where it will, essentially, shut down entirely. A memo sent Friday to IRS staff from Acting Commissioner Steven Miller said the furlough days will start in May and continue through August.

Friday - 04/19/2013, 03:48pm EDT

Data analytics improving CFOs' lines of sight for program execution

Federal chief financial officers have more foresight, insight and hindsight than ever before to make better decisions. But just as important as having these wide-ranging sight lines is how they are being translated down to the program level. Experts say agencies are slowly heading down the path of using data to make better decisions.

Monday - 04/15/2013, 05:30am EDT
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Bureau of Fiscal Service primes network for influx of new customers

Kim McCoy, the bureau's chief information officer, said she's looking at how best to pre-position resources to get new agency financial management customers on board more quickly.
April 11, 2013

Thursday - 04/11/2013, 09:01pm EDT
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Lew hopeful on reaching a budget breakthrough

Treasury Secretary Jacob Lew said Thursday that he is optimistic that President Barack Obama will be able to reach an agreement with Republicans in Congress to break a budget impasse that's triggered across-the-board government spending cuts.

Friday - 03/15/2013, 10:40am EDT

Lew set to start at Treasury as budget cuts loom

Confirmed by Senate, Lew to start at Treasury a day before big budget cuts set to take effect

Thursday - 02/28/2013, 12:10pm EST

US Senate panel backs Lew nomination for Treasury

Senate Finance Committee approves Obama's nominee Jacob Lew to be US Treasury secretary

Tuesday - 02/26/2013, 01:53pm EST

Senate panel plans Tuesday vote on Lew nomination

Senate committee plans Tuesday vote on Jack Lew, Obama's nominee to be treasury secretary

Monday - 02/25/2013, 09:56am EST

Likely Treasury chief Lew faces early budget tests

Likely Treasury chief Lew will need to fight budget battles with Congress in early months

Tuesday - 02/12/2013, 09:36pm EST

THE RESET: Gov't slowing economic and job growth

President Barack Obama declared last June that "the private sector is doing fine." And President Ronald Reagan liked to tell audiences, "Government is not the solution to our problem, government is the problem." Two major economic reports this week seem to lend some new weight to both provocative assertions.

Friday - 02/01/2013, 12:30pm EST

Federal Drive Interviews -- Feb. 1, 2013

Sharon Roth of the Merit Systems Protection Board discusses a new survey on federal management. Lt. Cmdr. Jean Marie Sullivan of the Navy Office of Women's Policy talks about the new DoD decision to open up combat jobs to women. Greg Kutz, a senior audit executive with the Treasury Inspector General for Tax Audit, talks about a new report his agency released. Keith Lucas, vice president for AFGE Council 228, discusses a new contract his union signed with the Small Business Administration.

Friday - 02/01/2013, 09:29am EST

Why Geithner's Treasury leadership proved divisive

President Barack Obama has saluted the outgoing Timothy Geithner as one of the best U.S. Treasury secretaries ever. He's surely been among the most contentious.

Thursday - 01/24/2013, 02:49am EST

GSA names Sharpe new FAS Commissioner

Tom Sharpe will move over from the Treasury Department to take over the Federal Acquisition Service.

Tuesday - 01/22/2013, 05:33pm EST
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