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6:35 am, August 29, 2014

Treasury Department News

IRS discouraged fraud detection in ID program

The Internal Revenue Service has been looking the other way instead of rooting out fraud when people apply for taxpayer identification numbers, Treasury Department investigators said Wednesday, exposing a shortfall with both financial and national security implications.

Wednesday - 08/08/2012, 06:58pm EDT

Federal agencies owe the IRS at least $28M in fees

The Treasury Inspector General for Tax Administration evaluated six random reimbursable agreements IRS made with agencies and found a lot of money went uncollected.

Tuesday - 07/31/2012, 05:35am EDT

Panel: Budget preparation best practices

Panelists are former Energy CFO Owen Barwell and Treasury Department's Nani Coloretti.

Friday - 07/27/2012, 02:51pm EDT
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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.

Thursday - 07/26/2012, 01:57pm EDT

Inspector General: SSA sitting on $134 million in uncashed checks

The inspector general for the Social Security Administration estimated the agency is sitting on about $134 million for benefit checks that sit uncashed by recipients for more than a year - money subsequently returned to the agency. But the IG report found most of the recipients who didn't cash their checks are still eligible for the assistance and the SSA could take additional steps to ensure they receive them.

Tuesday - 07/24/2012, 07:58pm EDT

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.

Monday - 07/23/2012, 11:59am EDT
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Federal Drive interviews -- July 23

Rob Strayer of the Bipartisan Policy Center discusses the compromise cybersecurity bill. Daniel Schuman talks about the Congressional Research Service. Dick Gregg fills us in on the Treasury's annual fiscal report.

Monday - 07/23/2012, 10:02am EDT

ATF mulls virtual desktops for contractors in cost reduction effort

The agency spends thousands of dollars per user on computers for contractors and task force officers. ATF's chief information officer said those individuals could easily use their own devices to access virtual desktops that provide the same functionality.

Friday - 07/20/2012, 05:05am EDT
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IG probe reveals improprieties at Treasury

From soliciting prostitution to accepting improper gifts, new documents released by the Treasury Department's inspector general outlines examples of impropriety at the agency over the past few years.

Monday - 07/16/2012, 11:32am EDT

2012 Causey Awards Winner - Patricia Pointer

Patricia Pointer, deputy comptroller for HR in the Treasury Department's Office of the Comptroller of the Currency (OCC), was nominated for her efforts to integrate the Office of Thrift Supervision into OCC.

Monday - 07/16/2012, 04:45am EDT
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7 agencies make progress on implementing 'cloud first,' GAO says

The Government Accountability Office assessed the performance of seven federal agencies in migrating some of their services to the cloud as required by the Office of Management and Budget. Five of the seven agencies succeeded in meeting OMB's requirements and the other two are expected to be compliant by year's end.

Friday - 07/13/2012, 06:42am EDT

Treasury's FMS proving shared services works

The Financial Management Service moved many of its day-to-day IT operations to the Bureau of Public Debt. FMS is providing oversight and guidance for IT systems in return. John Kopec, FMS's chief information officer, said his next set of priorities is to use business intelligence and analytics tools on the data from the shared service providers.
May 24, 2012

Thursday - 05/24/2012, 08:56pm EDT
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Engraving and Printing ready to build on ERP success

The BEN Enterprise brings together the Treasury Department bureau's data about finances, procurement and printing. Now Peter Johnson, BEP's chief information officer, wants to add business and analytics tools.
May 10, 2012

Thursday - 05/10/2012, 10:07pm EDT
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Performance improvement has 'turned the corner' in government

Shelley Metzenbaum said agencies are doing a better job in setting outcome-based goals and using data to measure their progress. OPM is finalizing guidance and training to use the competence models for performance improvement positions. Treasury and DHS are setting their own path to using data to meet their mission goals.

Wednesday - 04/25/2012, 05:55am EDT
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Audit reveals budget cuts, new IT systems slow IRS capabilities

A Treasury Department audit of the Internal Revenue Service has revealed an agency hampered by budget cuts and struggling to update its technology to assist a growing number of taxpayers.

Monday - 04/16/2012, 06:51pm EDT

Obama: 'Angry' if Secret Service allegations true

esident Barack Obama, speaking for the first time about allegations that Secret Service agents hired prostitutes, said Sunday that "of course I'll be angry" if those accusations are proven true by an investigation.

Sunday - 04/15/2012, 11:30pm EDT

White House unveils new tool to stop improper payments

The White House launched a new "Do Not Pay" tool on Thursday to prevent improper payments to individuals and companies. Agency heads must submit plans to adopt the tool by June 30.

Thursday - 04/12/2012, 04:23pm EDT

Antiquated systems slowing down IRS modernization, GAO says

David Powner, GAO's Director of Information Technology Issues, said the problem is not that IRS does not have enough funding for technology — the problem is the agency is still relying on antiquated systems.

Thursday - 04/12/2012, 11:02am EDT
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VIDEO: Agencies embrace mobile app explosion

The development of mobile applications or apps is expanding within the federal government. The General Services Administration showcased some of the apps coming out of agencies at last week's FOSE Conference in Washington.

Monday - 04/09/2012, 09:46am EDT

TIGTA: IRS cyber response center needs some improvements

The cybersecurity response center at the IRS is mostly working, according to a new report from the Treasury Inspector General for Tax Administration. However, in the report, Treasury Inspector General J. Russell George said that the Computer Security Incident Response Center isn't reporting every computer security incident as it's supposed to.

Tuesday - 04/03/2012, 08:03pm EDT
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