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Search Tags: House
New Thrift Savings Plan participants would be automatically enrolled in an age-appropriate Lifecycle Fund -- instead of the G Fund -- under a bill set to be debated Wednesday by the House Oversight and Government Reform Committee. The Smart Savings Act, introduced by the committee's chairman, Rep. Darrell Issa (R-Calif.), is supported by the Federal Retirement Thrift Investment Board.
The Government Accountability Office is requesting about $525 million for fiscal 2015, an increase of about 4 percent, or $19 million, above current levels. The additional funding would allow the agency to continue staffing up the agency from the nearly rock-bottom levels it hit over the past few years. The additional funding would also allow GAO to make upgrades to its aging IT infrastructure and do long-deferred building upkeep and and maintenance
Federal News Radio asked a panel of experts how they would solve the flawed budget process as part of our special report: Now or Never: Ideas to Save the Failing Budget Process. See what they had to say and tell us which ideas you think would work best.
Tags: David Walker , budget , Association for Government Accountants , Comback America Initiative , Comptroller General , GAO , biennial budgets , Reid Ribble , House Budget Committee , Bryan Clark , Center for Strategic & Budgetary Assessments , Diana Urban , results-based accountability , Dan Chenok , IBM Center for the Business of Government , Robert Bixby , Concord Coalition , David Wessel , The Hutchins Center on Fiscal and Monetary Policy , Brookings Institution , Ideas to Save the Failing Budget Process
IRS Commissioner John Koskinen told members of the House Appropriations Subcommittee on Financial Services and General Government that budget and staffing reductions are impacting the agency's core missions of customer service and tax collection. The agency projects it will only be able to answer 61 percent of phone calls this year, meaning some 20 million phone calls will go unanswered. Meanwhile, taxpayers attempting to reach IRS offices are facing wait times that stretch past 20 minutes.
More than 100 members of the House and a dozen outside groups have signed on to a letter to President Barack Obama from Rep. Allyson Schwartz (D-Pa.) requesting that the upcoming White House budget not include a proposal to alter the way retirees' cost-of-living adjustments are calculated. The National Active and Retired Federal Employees Association, the American Federation of Government Employees and the Military Officers Association of American have signed on in support of the letter.
President Barack Obama signed the OPM IG Act into law this week. The law provides the agency's top watchdog with an additional source of funding to conduct audits and investigations of the security-clearance process.
The House voted overwhelmingly Tuesday to restore full cost of living increases to pension benefits for younger military retirees, responding eagerly to election-year pressure from veterans groups.
With the partial government shutdown behind them, members of Congress are working on several bills that impact the federal workforce, including a resolution that supports ending the federal pay freeze and a bill that tackles the claims backlog at Veterans Affairs.