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Search Tags: Sequestration
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
Chairman of the House Oversight and Government Reform Committee Darrel Issa (R-Calif.), wrote to the heads of 10 defense companies seeking information about the legal justification for not issuing notices of potential layoffs due to the across-the-board defense cuts set to go into effect Jan. 2. If contractors don't issue the notices and contracts are, in fact, terminated or modified, then agencies will pick up the contract-termination and employee compensation costs, the Office of Management and Budget stated in guidance issued late last month. But Republican lawmakers have argued the White House doesn't have the legal authority to ask companies to not comply with the law.
What does the curse of the Mayan calendar, the threat of sequestration and the always jittery stock market have to do with your TSP account balance? Maybe nothing, maybe a lot. Dust off your crystal ball and buckle up, Senior Correspondent Mike Causey says.
In wonkier parts of the Washington area, the talk of the town is about fiscal cliffs and sequestration followed by sex and the Redskins, not necessarily in that order. But beyond the Beltway, folks seem to have a firmer grip on what's important, Senior Correspondent Mike Causey says.
Pentagon makes one more plea for a resolution to sequestration. A regular budget, an annual authorization bill and a resolution to the fight over cybersecurity laws would be helpful as well.
President Barack Obama's victory over Republican Challenger Mitt Romney didn't come as a surprise to anyone who was following the pre-election polls. Few surprises occurred in the congressional races as well, which suggested a return of the status quo in Washington and continued gridlock ahead.