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Search Tags: Congress
Bernie Becker, a staff writer for The Hill newspaper, joined the Federal Drive with Tom Temin and Amy Morris to discuss the myriad budget uncertainties facing Congress and federal agencies.
The Postal Service has hired Evercore Partners, a New York-based investment bank, to evaluate proposed changes to its operations, compensation and benefits. Evercore has advised General Motors and other large, troubled companies. USPS said it needs to cut annual expenses by $20 billion by 2015.
Congress' failed deficit-cutting supercommittee has faded away, but the pressure on lawmakers to quickly confront a stack of expensive economic issues is only growing, including keeping the government open past a mid-December funding deadline.
Tom Shoop is the editor-in-chief of Government Executive.
Rep. Jim Moran (D-Va.) expressed frustration with the "dysfunctional" state of Congress today, blaming lawmakers who he said shouldn't be legislating in the first place.
The administration, lawmakers and others are sounding off on the failure of the supercommittee to reach a deal for cutting more than $1 trillion from the deficit. Facing automatic, across-the-board cuts — half from defense and half from civilian agencies, beginning in 2013 — the consensus now seems to be Congress should work to come up with an alternative deficit-reduction plan.
Between ongoing 2012 budget negotiations and the automatic cuts triggered by the supercommittee, Steve Bell, senior director of the Bipartisan Policy Center's Economic Policy Project, says this is as good as it's going to get for federal employees for the foreseeable future.
None of the legislation moving through Congress would provide the Postal Service the speed and flexibility it needs to cut annual costs by $20 billion, Postmaster General Pat Donahoe said Monday. He said they would give USPS "a couple of years of profitability and at least many decades of steep losses." He argued for quicker resolution to the agency's cash crisis.
Despite the successful passage last week of a small group of annual spending bills covering several federal agencies' 2012 budgets, Congress will likely fold the remaining bills into a single omnibus.
President Obama signs bipartisan bill that will help The President says it will help about 850,000 veterans who are currently unemployed and tens of thousands who are returning from Iraq and Afghanistan in the coming months.