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6:14 pm, October 25, 2014

Treasury Department News

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.

Friday - 01/06/2012, 06:13pm EST

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)

Thursday - 01/05/2012, 07:26pm EST
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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.

Wednesday - 12/28/2011, 06:47pm EST

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.

Wednesday - 12/28/2011, 10:02am EST
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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.

Tuesday - 12/27/2011, 03:50pm EST

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.

Friday - 12/23/2011, 01:36pm EST

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.

Sunday - 12/11/2011, 11:01pm EST

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.

Tuesday - 11/08/2011, 11:00am EST
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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.

Monday - 10/31/2011, 11:37am EDT
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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.

Sunday - 10/02/2011, 08:55pm EDT

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.

Friday - 09/30/2011, 09:26am EDT
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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.

Thursday - 09/22/2011, 10:59am EDT
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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.

Thursday - 09/08/2011, 06:54pm EDT
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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.

Wednesday - 09/07/2011, 11:17am EDT

Obama to tap Krueger for economic post

President Barack Obama has chosen labor economist Alan Krueger for a top administration post as the White House scrambles for solutions to boost a fragile economy with the 2012 election looming.

Monday - 08/29/2011, 08:48am EDT

Monday morning federal headlines - August 29

On today's Federal Drive: in Hurricane Irene's aftermath, some federal buildings are closed because of power outages, the Energy Department is guaranteeing loans for a solar power project and the National Transportation Safety Board is studying experimental aircraft.

Monday - 08/29/2011, 07:50am EDT

Treasury's East making two transitions

New department chief information officer is finding her way with the federal government, while making improvements across Treasury. She says the agency will implement ITIL and collaboration software.
August 25, 2011(Encore presentation October 27, 2011)

Thursday - 08/25/2011, 08:02pm EDT
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IG: Room for customer service improvement at IRS

J. Russell George, Treasury Inspector General for Tax Administration, explains how IRS can improve its customer service.

Monday - 08/22/2011, 04:12pm EDT
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OPM proposes more flexibility for CHCOs

The Office of Personnel Management is considering relaxing the Human Capital Assessment and Accountability Framework (HCAAF). The change would give agencies more flexibility to hire and manage their workforce.

Tuesday - 08/09/2011, 06:56am EDT
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Treasury to process all invoices electronically

All agency bureaus will implement the Internet Payment Platform by 2012. Additionally, all Treasury vendors must submit invoices through the portal starting in 2013. The electronic invoice payment program is one of 12 initiatives to improve federal financial management.

Wednesday - 07/13/2011, 06:27pm EDT
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