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8:45 pm, September 22, 2014

Financial Management News

Mica to take over new Government Operations subcommittee

The House Oversight and Government Reform Committee is consolidating two subcommittees that oversee major agency functions, such as procurement and technology, into a new panel. No news yet on who will be the ranking members.

Wednesday - 01/02/2013, 03:33pm EST

House OKs DHS audit, lightens GAO load

The House this week approved a handful of bills aimed at improving federal financial management and oversight of government operations. Two of the bills — one requiring the Homeland Security Department to pass a complete financial audit and the other lightening the mandatory caseload of the Government Accountability Office — have already been passed by the Senate and head to the president's desk for his signature.

Friday - 12/14/2012, 05:41pm EST

Lawmakers up in arms over report on Army payroll problems

The U.S. Army's $47 billion in annual military payroll accounts has caused major woes for some soldiers trying to collect their pay, according to a new report by the Government Accountability Office. As a result of the Army being unable to track and collect data on numerous pay errors including over payments, under payments, data entry errors and fraud, active duty soldiers are not receiving the correct compensation and this has a bipartisan team of lawmakers furious.

Friday - 12/14/2012, 03:17pm EST

Fiscal Cliff and FERC Order 1000, Monopoly Killer?

On this week's Capital Impact show, analysts discuss the fiscal cliff and its impact, and how a new court ruling will affect traditional utilites and power companies.
December 6, 2012

Thursday - 12/06/2012, 06:17pm EST
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Senate votes to require DHS clean audit by 2013

The Homeland Security Department would be required to conduct and pass a full financial audit under a bill unanimously approved by the Senate on Wednesday. The DART Act requires the agency, long characterized by the Government Accountability Office as being at high-risk for waste and abuse, to reach a clean audit opinion by 2013.

Thursday - 11/29/2012, 06:49pm EST

Werfel: Gov't avoids $47B in overpayments

OMB Controller Danny Werfel announced Wednesday the federal government avoided paying out $47 billion in overpayments over the last three years. This missed President Barack Obama's goal of reducing improper payments by $50 billion by the end of FY2012.

Friday - 11/23/2012, 10:12am EST

Export-Import Bank gives while other agencies take

Fred Hochberg, the Export-Import Bank president told The Federal Drive with Tom Temin and Emily Kopp that unlike other agencies, his agency has been able to pay money to the government rather than take money from the government.

Friday - 11/16/2012, 12:48pm EST
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The 2012 election and its impact on the federal government

Charles Clark, senior reporter at Government Executive magazine will talk about what's in store for federal agencies, now that President Obama has won a second term.
November 9, 2012(Encore presentation November 30, 2013)

Friday - 11/09/2012, 09:44pm EST
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Postmaster General urges quick action in lame duck session

Postmaster General Patrick Donahoe says his number one priority is seeing legislation passed in the upcoming lame-duck session of Congress that will help the U.S. Postal Service get out of debt. In an exclusive interview with Federal News Radio, Donahoe details the latest on the agency's financial situation, buyouts, the consolidation of mail processing centers, and its plan to cut window hours at half of its post offices across the country.

Thursday - 11/01/2012, 03:38am EDT
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Cost recovery strategies in the "new normal"

Budget cuts are the "new normal" for the foreseeable future, as agencies consider multi-year cost reduction strategies. To continue serving constituents and agency missions despite reduced funding and growing uncertainty over the coming fiscal years—how prepared is your organization to make sustainable cuts? Hear insights from Janet Hale, former Undersecretary of Management at the Department of Homeland Security and Joann Boutelle, former Deputy Chief Financial Officer at the Department of Defense.

Tuesday - 10/30/2012, 12:36pm EDT
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Swing states, tax code and the fiscal cliff

On this week's Bloomberg Government Capital Impact show, analysts will examine the challenges facing the swing state of Virginia. Plus, what does Arizona Senator John McCain think about the U.S. tax code and other financial issues.
October 11, 2012

Thursday - 10/11/2012, 07:07pm EDT
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CFOs remain tepid on financial shared services

An exclusive Federal News Radio survey of federal CFOs and deputy CFOs finds 55 percent of the respondents rated spending money more wisely as their top priority. But at the same time, 36 percent rated moving to the Internet Payment Portal or other financial management shared services as their fourth highest priority. CFOs also say they are using data to make better decisions and budget reductions, not sequestration, is their biggest concern.

Tuesday - 10/09/2012, 10:14am EDT
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The deficit and health care, capital buffers, and the lame-duck Congress

On this week's edition of Bloomberg Government's Capital Impact show, analysts will discuss the deficit's impact on Medicare and Medicaid, the costs of requiring capital buffers on money market funds. Plus, what legislation will Congress tackle in its lame-duck session?
Setember 27, 2012

Thursday - 09/27/2012, 06:59pm EDT
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Federal agencies owe $14 million in unpaid taxes

The $14 million owed to the U.S. treasury comes from money withheld from federal employees' paychecks that was never turned over to the IRS, according to a new audit from the Treasury Inspector General For Tax Administration. The audit also reviewed whether the IRS made recommended changes following a similar audit five years ago.

Thursday - 09/27/2012, 02:02pm EDT

Sequestration update and Super-PAC's, how much money is enough?

On this week's Bloomberg Government Capital Impact, analysts discuss OMB's sequestration report and how highway funding is affected. Plus, how much money are Super-Pacs spending on this year's presidential election.
September 20, 2012

Thursday - 09/20/2012, 10:48pm EDT
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Planning, performance measures put DHS on solid financial footing

Peggy Sherry, the agency's CFO, said when budget cuts do come they are prepared. DHS has been finding efficiencies in its spending and asked components to think hard about how they spend their money.

Monday - 09/17/2012, 11:50am EDT
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From the Pentagon, a plea for budget normalcy

DoD's top financial manager says the Pentagon is pressing forward to meet Congressional edicts for auditable financial statements. But constant federal budget emergencies are sapping huge amounts of energy from the financial workforce tasked with preparing for audit.

Monday - 09/17/2012, 05:09am EDT
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Sequestration, electronic health records, and a Dodd-Frank update

On this week's Bloomberg Government Capital Impact show, analysts will discuss three companies that may benefit from sequestration, rules that could slow the adoption for electronic health records, and the latest on Dodd-Frank.
September 6, 2012

Thursday - 09/06/2012, 06:39pm EDT
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Management successes paving the way for One-DHS

Rafael Borras, the Homeland Security Department's undersecretary for management, said in an exclusive interview with Federal News Radio, improvements to back-office functions show how interdependent the agency has become over the last few years. DHS is managing its acquisition, financial management and human capital processes through a holistic approach.

Tuesday - 09/04/2012, 03:59pm EDT
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The Ryan budget, sequestration, and mobile apps

On this week's Capital Impact show, guests discuss how the Paul Ryan budget plan would affect federal spending, how NASA would be affected by sequestration, and two new mobile apps for this year's Democratic and Republican conventions.
August 16, 2012

Thursday - 08/16/2012, 06:59pm EDT
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