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President's 2014 budget includes pay increase, but retirement changes loom large

Federal employees would see a slight pay bump next year under President Barack Obama's proposed budget for 2014. But at the same time, the White House budget outline proposes sweeping changes to federal employees' retirement benefits, including reductions to annual cost-of-living increases for retirees.

Tags: budget , 2014 budget , pay and benefits , pay , Barack Obama , retirement , COLA

Thursday - 04/11/2013, 05:22pm EDT

Budget, sequestration and jobs

On this week's Capital Impact show, Bloomberg Government analysts discuss the latest jobs report and and how sequestration is affecting the economy of Fairfax County Virginia.
April 11, 2013

Tags: acquisition , budget , jobs report , Nela Richardson , Allen Scott , fairfax county , contracting , Lockheed Martin , Booz Allen Hamilton , Northrup Grumman , SAIC , sequestration , Lorraine Woellert , Bloomberg Government , Capital Impact

Thursday - 04/11/2013, 04:42pm EDT
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Is your retirement check shrink-proof?

Senior Correspondent Mike Causey wants to know: Would you be willing to accept a slightly smaller retirement benefit if it would help get the country out of debt? What if future cost-of-living adjustments to your civil service benefit were reduced by a mere 0.3 percent each year?

Tags: Mike Causey , Federal Report , budget , pay and benefits , chained CPI , retirement

Thursday - 04/11/2013, 12:00am EDT

Postal Service backs down on ending Saturday mail

The U.S. Postal Service has reversed its decision to end Saturday mail delivery service, saying Congress gave it no choice when it passed a 2013 appropriations bill last month that continued a ban on five-day delivery.

Tags: USPS , Congress , House , budget , mail delivery , Darrell Issa , Tom Carper

Wednesday - 04/10/2013, 12:06pm EDT

Changes to COLAs, retirement benefits included in Obama's 2014 budget

President Barack Obama is calling for the implementation of the "chained Consumer Price Index" to measure inflation. The change will reduce cost-of-living adjustments for retired federal employees and Social Security recipients. The 2014 budget is officially scheduled for release on Wednesday.

Tags: budget , 2014 budget , Barack Obama , Congress , chained CPI , COLA , retirement , Social Security

Wednesday - 04/10/2013, 10:32am EDT

Intel community seeks to protect workforce from sequestration's impact

James Clapper, the director of National Intelligence, said the 17-agency community is trying not to repeat lessons of past cuts that hampered analytical capabilities. Clapper also issued a new IC-wide code of ethics and made a key change to the security clearance form.

Tags: workforce , James Clapper , ODNI , sequestration , budget , security clearances , ethics , Jason Miller

Wednesday - 04/10/2013, 04:00am EDT

Three steps to make it out of the impenetrable (financial) fog

President Thomas Jefferson spoke of the impenetrable financial fog the federal government found itself under in 1802. Unfortunately, some things never change. Former Labor Department CFO Sam Mok says there are three steps the new director of the Office of Management and Budget should take to begin making a difference in this arena. Mok's column is part of Federal News Radio's special report, Rise of the Money People.

Tags: Sam Mok , financial management , Rise of the Money People , OMB , managment , budget , CFO

Tuesday - 04/09/2013, 03:37am EDT
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