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2013 budget ups IRS funding, allows for staff increases
Colleen Kelley, the president of the National Treasury Employees Union, which represents some 84,000 IRS employees, told In Depth with Francis Rose the 2013 budget request would allow IRS staff levels to increase by about 4,000 positions.
Analysis: Fund the watchdogs, don't create new agencies
Rather than create two new agencies to tackle counterfeit merchandise and crack financial crimes, Jonathan Adler, president of the Federal Law Enforcement Officers Association, says existing agencies can do the work with additional funding.
Geithner: Obama won't ask me to stay in a 2nd term
Timothy Geithner said Wednesday that he doesn't expect to serve a second term as Treasury secretary. He said he doesn't think President Barack Obama would ask him to remain if Obama won re-election.
The 4 new voting members on Fed's policy committee
The presidents of four regional Federal Reserve banks gained votes on the Fed's main policymaking group this week for the first meeting of 2012.
Report: Citizen satisfaction with federal services slightly up in 2011
Satisfaction went up 2.3 percent in 2011, according to the American Customer Satisfaction Index released today by Foresee. The bump comes after a decrease of 4.8 percent between 2009 and 2010.
Documents show how Fed missed housing bust
Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation's economy could pull off a "soft landing" from falling home prices. Three months later, Bernanke had begun to grasp that he and others had underestimated the risk housing posed to the economy.
IRS audit knocks 14 percent off of $450 billion owed in upaid taxes
Following IRS audits and other enforcement efforts, non-compliance in 2006 shrank to 14 percent, which left the final amount of unpaid taxes at $385 billion.
TIGTA upgrading network to handle new mobile requirements
George Jakabcin, the agency's CIO, said every employee will get a new laptop and be able to access the network through a WiFi VPN connection. More than 80 percent of all employees work outside the office at least one day a week.
January 5, 2012(Encore presentation March 1, 2012)
Treasury to end paper savings bonds
Beginning Jan. 1, the department will discontinue paper U.S. savings bonds in favor of an all-electronic format. The move has been planned for a number of months, but Treasury "reiterated" the move this week with an announcement on its website and a timeline presenting the 76-year history of the bonds.
Federal financial report is in, but GAO offers no opinion
Robert Dacey, the Government Accountability Office's chief accountant, breaks down the reasons why GAO was unable to render an opinion on the federal government's consolidated financial report.
Obama nominates 2 to Federal Reserve Board
While on vacation, President appoints a Democrat and Republican — Jeremy Stein and Jerome Powell — to the Federal Reserve Board of Governors.
GAO cannot give opinion on federal government's finances
The Government Accountability Office said it cannot render an opinion on the federal government's 2011 consolidated financial statements due to "widespread material internal control weaknesses, significant uncertainties, and other limitations," according to a GAO release.
Library of Congress, TIGTA offer telework security lessons
Security is a major telework concern for the Library of Congress and the Treasury Inspector General for Tax Administration. But, both agencies have found ways to make it work for them.
GAO examines lessons learned from Fed's AIG bailout
Orice Williams Brown, GAO's director of Financial Markets and Community Investment, joined the Federal Drive with Tom Temin and Amy Morris to discuss the agency's recent report on efforts by the Federal Reserve during the early days of the 2008 financial crisis.
GAO says switch to dollar coins could save $5.5 billion
A jingling of coins may soon replace the rustling of dollar bills, if a new, money- saving plan by the GAO is enacted. The move could save the U.S. more than $5.5 billion over 30 years, GAO's Lorelei St. James told Federal News Radio.
Top 10 agencies with telework issues
How does your agency compare to others when it comes to allowing employees to telework? The latest Federal Employee Viewpoint Survey gives some insight.
TARP inspector general: Federal regulators need to 'stay vigilant'
Acting Special Inspector General for the TARP program Christy Romero joined the Federal Drive with Tom Temin and Amy Morris to discuss the latest IG report on how the Treasury Department handled banks who exited the program.
As TARP winds down, GAO eyes Treasury's to-do list
Nikki Clowers, GAO's director of financial markets and community investment issue, joined the Federal Drive with Tom Temin and Amy Morris to discuss the recommendations that have gone unheeded.
Treasury adapts as terrorists change financing tactics
Al-Qaida is struggling to get money, thanks to international efforts to stop terrorism financing, Treasury Secretary Timothy Geithner said at a 9/11 anniversary event. He said today's terrorism threats require more creative measures and increased global cooperation.
Report: Securities fraudsters prefer identity theft to creating fake accounts
Securities fraudsters would rather steal an identity and take over a trading account than set up a fake new account, according to a study of suspicious activity reports by the Treasury Department's Financial Crimes Enforcement Network, or FinCEN.




