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Search Tags: Jack Moore
The Office of Personnel Management says sequestration cuts have forced the agency to suspend overtime hours for employees working in its Retirement Services office and to curtail call-center hours.
A major restructuring at the Department of Housing and Urban Development will close or consolidate dozens of the agency's field offices nationwide and affect 10 percent of its 9,000-member workforce. HUD officials said the current organizational model is not sustainable given the constrained budget the agency faces.
President Barack Obama announced he will nominate Federal Trade Commission official Howard Shelanski to serve as the head of the Office of Information and Regulatory Affairs (OIRA).
If Congress doesn't pass comprehensive postal reform legislation soon, it could find itself forced to bail out the financially troubled U.S. Postal Service to the tune of billions of dollars, said Postmaster General Pat Donahoe. The postmaster general said in a speech at the National Press Club he's optimistic Congress will pass postal reform legislation this year.
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.
President Barack Obama's proposal to change the way retirees' cost-of-living adjustments (COLAs) are calculated has drawn the ire of federal-employee groups and unions. The National Active and Retired Federal Employees Association (NARFE) has released a calculator designed to show retirees and policymakers how benefits would be reduced if the chained CPI were implemented.
With the release of the White House's 2014 budget proposal last week, budget season on Capitol Hill is in full swing. But while Congress will be debating the merits of the President's budget plan via a flurry of congressional hearings this week, the permanent director's chair at the Office of Management and Budget remains vacant.
Congress approved a bill Friday to eliminate expanded financial-disclosure reporting requirements for Senior Executive Service members, just days before the new requirements were to go into effect. Both the House and Senate approved the measure by unanimous consent. The expanded reporting requirements were set to go into effect Monday.
From shared services and data-driven decision-making, to shrinking budgets and workforces, Federal News Radio's special report, Rise of the Money People, tracks the emerging trends in effective financial management at federal agencies, and the possible hurdles that stand in the way of saving even more money.
The size and cost of the Defense Department's portfolio of major weapons acquisition programs have fallen to their lowest levels in five years, according to a new report from the Government Accountability Office. DoD's major weapons portfolio decreased by 10 programs in 2012 -- to 86 programs -- while the total cost of DoD's big-ticket procurements fell by $152 billion to $1.6 trillion.