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Search Tags: Sequestration
The next time Congress is in D.C. for an extended period of time, somebody should suggest that the House and the Senate investigate how much time and money has been lost preparing for a partial government shutdown almost everybody says would be a mistake. Senior Correspondent Mike Causey says.
Host Mark Amtower talks about the state of government contracting with Olessia Smotrova-Taylor, CEO of OST Global Solutions.
February 18, 2013
Tags: acquisition , contracting , proposals , RFP , SEWP , ITES , GWACs , APMP , Olessia Smotrova-Taylor , OST Global , LPTA , strategic sourcing , sequestration , budget cuts , OASIS , bids , Mark Amtower , Amtower Off Center
Most of the Pentagon's contract spending wouldn't take an immediate hit from sequestration. Conversely, civilian employees would likely be laid-off or furloughed in the few days or weeks after the automatic budget cuts kick in, according to a Washington think tank's analysis of the convoluted laws that govern the automatic cuts
Lt. Gen. Jeffrey Talley took over as Chief of the Army Reserve in June. He tells Federal News Radio there are only two issues that keep him up at night.
Robert Hale, the military's CFO, said reductions in force would cost more money than the Defense Department would save. But hiring a freeze and involuntary unpaid furloughs would be likely for civilians.
The congressional ritual of punting budget work into the next fiscal year has helped agencies prepare their workforces for sequestration. Managers have learned much over the past few years about preparing contingency plans.
What do Uncle Sam and horror-movie star Freddy Krueger have in common? Not much, fortunately. But that could all change if an 8 percent cut kicks in Jan. 3 forcing furloughs curtailed services that impact everything from tax returns and Social Security claims to airline travel, Senior Correspondent Mike Causey says.
John Czajkowski, deputy director for management at the National Cancer Institute, is this week's guest on Agency of the Month.
Agencies will be liable for many of the costs coming from the termination of contracts, including legal fees and employee compensation costs, if sequestration happens Jan. 2, 2013 and if vendors do not issue layoff notices this fall.
An exclusive Federal News Radio survey of federal CFOs and deputy CFOs finds 55 percent of the respondents rated spending money more wisely as their top priority. But at the same time, 36 percent rated moving to the Internet Payment Portal or other financial management shared services as their fourth highest priority. CFOs also say they are using data to make better decisions and budget reductions, not sequestration, is their biggest concern.
Tags: financial management , CFO Council , Adam Goldberg , Treasury , OMB , Office of Financial Innovation and Transformation , shared services , sequestration , budget , CFO survey , In Depth with Francis Rose , Jason Miller , Exclusive