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Funds in the Thrift Savings Plan rebounded last month from a June dip. All TSP funds posted in positive territory for the first time since April, and some funds boasted their biggest monthly increases of the year so far
With continuing resolutions and fiscal showdowns running rampant the last few years, government contractors have gotten used to near perpetual budget uncertainty clouding the marketplace. And the automatic, across-the-board budget cuts that kicked in March 1 only complicated contractors' efforts to manage their bottom lines. A panel of experts discuss how contractors are coping with the cuts as part of Federal News Radio's special report, Private Side of Sequestration.
Tags: industry , acquisition , sequestration , Private Side of Sequestration , Federal Drive , Tom Temin , Emily Kopp , Scott Lewis , Cameron Leuthy , Tim Larkins , ImmixGroup , PS Partnerships , Bloomberg Government ,
In contrast to federal employees, who are facing furloughs, many contractors are encountering more elusive sequestration symptoms. Along with reduced government contract spending, federal-employee furlough have also trickled down through the procurement process, resulting in delays, contractors say. This article is part of Federal News Radio's special report, Private Side of Sequestration.
Defense Secretary Chuck Hagel says service members will have to share in the pain of sequestration if the automatic budget cuts continue into next year. In a Pentagon press briefing Wednesday, Hagel laid out a "menu of options" for dealing with sequestration in 2014 and beyond, including changes to military pay and benefits, consolidating headquarters staff and a potential modest reduction in military force structure.
Sequestration threatens to squeeze some companies out of the industry. Federal News Radio's special report, Private Side of Sequestration, examines the long-term planning and short-term coping mechanisms companies can take to better manage through the cuts.
Rep. Darrell Issa (R-Calif.), chairman of the Oversight and Government Reform Committee, released long-anticipated legislation Friday aiming to reform the finances of the ailing U.S. Postal Service. Issa updated an earlier discussion draft of his bill with several proposals originally floated by Democrats.
Top officials at the Treasury Department and the General Services Administration say budget cuts being considered by House lawmakers - and that have since adopted by the House Appropriations Committee - would erode their agencies' missions. In sharply divided vote mostly along partisan lines Wednesday, the committee approved the fiscal 2014 Financial Services and General Government appropriations bill.
In the past few weeks, competing draft proposals have been circulating on Capitol Hill. But at a House Oversight and Government Reform Committee hearing Wednesday, Chairman Darrell Issa (R-Calif.) took a step toward compromise. Issa agreed to make changes to his draft plan, including adopting several measures proposed by Ranking Member Elijah Cummings (D-Md.) in postal reform legislation he separately introduced Wednesday.
Furloughs for some 650,000 Defense Department civilian employees kicked in last week.Still, about 15 percent of the civilian workforce is exempt from furloughs. In this Q&A, Pat Tamburrino, chief of staff to the Undersecretary of Defense for Personnel and Readiness, discusses federal furlough exemptions and DoD decision-making.
Federal public defender offices have been slammed by across-the-board budget cuts so far this year. But as damaging as sequestration has been for the federal defender program this year, it faces virtual extinction if the cuts continue into next year, according to Michael Nachmanoff, the federal public defender for the Eastern District of Virginia.