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Search Tags: Congress
On this week's Capital Impact show, Bloomberg Government analysts discuss President Obama's 2014 budget proposal, and patent litigation settlements involving pharmaceutical companies.
April 18, 2013
Tags: acquisition , contracting , 2014 budget , President Barack Obama , deficit reduction , Loren Duggan , Cameron Leuthy , Federal Trade Commission , patent litigation , pay for delay , Brian Rye , Allen Scott , Bloomberg Government , Capital Impact
Postmaster General Pat Donahoe told the House Oversight and Government Reform Committee Wednesday that the Postal Service is operating under a "broken business model." But cost-saving efforts, such as ending Saturday delivery and modifying a multibillion dollar requirement to prefund future retirees health care costs, garnered little agreement among lawmakers.
Defense agencies and services are pulling back hundreds of millions of dollars worth of grants and contracts. Impending furloughs will further impair DoD's ability to get money out the door.
An update to the Federal Information Security Management Act and the Cybersecurity Enhancement Act of 2013 passed through the House Tuesday night. The Cybersecurity Information Sharing and Protection Act also passed, but faces a veto threat because of concerns over data protection.
The Defense Department's attitude toward the importance of auditability has undergone a marked change, but experts believe compliance with its next legal deadline will be a stretch.