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Search Tags: CBO
A new Congressional Budget Office analysis of proposed deficit-reduction efforts contained half a dozen proposals affecting federal employees, including reducing annual pay raises, requiring federal employees to contribute more toward their pensions and reducing the size of the federal workforce through attrition. All told, such proposals would reduce federal outlays or increase revenues by $308 billion, according to CBO estimates.
On this week's Capital Impact show, Bloomberg Government analysts will examine the technical problems with the Healthcare.gov website, their impact, and who is responsible for the progam's shortfalls.
October 31, 2013
Tags: acquisition , health care , Affordable Care Act , HealthCare.gov , healthcare exchanges , HHS , Kathleen Sebelius , Allen Scott , Matthew Barry , Al Hunt , Stephanie Ruhle , Bloomberg Government , Capital Impact
A House bill designed to reduce government redundancy by requiring agencies to provide detailed reports about the programs they operate will cost about $100 million for agencies to implement, according to a Congressional Budget Office analysis. The Taxpayers Right to Know Act, introduced by Rep. James Lankford, would required agencies to publicly post detailed information about each of the program they operate, including costs and the number of employee dedicated to them.
The report found federal employees work on average of 38.7 hours a week, compared with 41.4 hours per week in the private sector. That difference adds up to 3.8 fewer weeks per year feds work.
The Government Accountability Office looked at six studies about federal pay and found that the different approaches taken in each made their findings potentially problematic.
The House bill — H.R.3813 — would require federal workers to contribute 1.5 percent more of their salaries toward retirement over three years and end a supplemental payment for early retirees under the Federal Employee Retirement System.
Researchers are struggling to agree on the best method for comparing public and private sector compensation. Some analysts say the use of differing methods results in wildly varied conclusions.
The Congressional Budget Office is again warning that the government's mounting debt problems threaten to swamp the economy unless policymakers move to arrest out-of-control deficits.