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Treasury: Trillion-dollar coin would not be legal

Treasury Department spokesman Anthony Coley said Saturday that neither his department nor the Federal Reserve believes the law can or should be used to produce such a $1 trillion coin to avoid a coming battle with Congress over government borrowing.

Tags: Federal Reserve , debt ceiling , budget , Congress

Saturday - 01/12/2013, 05:44pm EST

Are multiple award contracts out of control?

The proliferation of multiple award contracts across the government has reached a tipping point. The Office of Federal Procurement Policy is on a listening tour trying to figure out how to tame this unwieldy beast. The administration's efforts come as several agencies, including the Homeland Security Department, the Department of Veterans Affairs and the Justice Department plan to recompete or issue new procurements for MACs in the coming year.

In our special report, Contract Overload, Federal News Radio's Jason Miller explores all sides of this complex issue. What is the cost to industry to continually bid on these contracts? How do these costs get passed to agencies? Why do agencies believe they need their own MACs instead of using contracts provided by the General Services Administration, or other governmentwide acquisition contracts? What, if anything, can OFPP do to reel in the explosion in redundant contracts?

Tags: contracting , OFPP , GSA , DHS , Justice , VA , GWAC , Multiple award contracts , Jason Miller , Contract Overload

Thursday - 05/20/2010, 03:59pm EDT

Treasury tax incentive program spurs community development

Your agency is asking you to do more with less. Using innovative ideas is one way to do that. The Treasury Department came up with its own way to save money with the New Markets Tax Credit Program.

Tags: Donna Gambrell , Community Development Financial Institutions Fund , innovation , In Depth

Friday - 05/06/2011, 04:51pm EDT
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SIGTARP's Romero: Treasury needs stronger billing requirements

SIGTARP Christy Romero discusses the findings of Treasury's oversight of legal fees.

Tags: Christy Romero , SIGTARP , oversight , In Depth

Thursday - 04/14/2011, 06:36pm EDT

SIGTARP Barofsky: TARP should have been great

As he concludes his tenure as the Special Inspector General for the Troubled Asset Relief Program, Neil Barofsky looks back in candor.

Tags: Federal Drive , SIGTARP , TARP , Neil Barofsky , Suzanne Kubota

Tuesday - 03/29/2011, 10:08am EDT
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Savings bonds go all electronic

If you have an allotment to buy U.S. savings bonds through your military pay, you need to take a couple of steps before the U.S. Savings Bond Payroll Savings Plan goes all electronic by the end of August. Joyce Harris, the director of Public and Legislative Affairs at the Bureau of the Public Debt, at the Treasury Department tell us what they are.

Tags: Federal Drive , pay and benefits , savings bonds , Joyce Harris , Suzanne Kubota , DFAS

Tuesday - 07/20/2010, 10:13am EDT
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TARP team honored as a Sammies finalist

Under enormous pressure, with little time to spare and no playbook to follow, the Treasury Department's newly created Office of Financial Stability (OFS) had to recruit highly qualified staff to administer TARP, build an operation from scratch, negotiate complex agreements to provide hundreds of billions of dollars, and ensure that their decisions were done according to the strict letter of the law and with strong fiscal controls. Timothy Massad, chief counsel, explains how they pulled that off.

Tags: Federal Drive , SAMMIES Tracker , Service to America Medals , Sammies 2010 , TARP , Timothy Massad , Office of Financial Stability

Monday - 06/28/2010, 10:40am EDT
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Causey Awards: Neil Barofsky says mission matters

In his office, he swears in new employees, is in charge of the CFC campaign, and even made vegetarian chili for the CFC campaign chili cook-off. And that's NOT when he's being the Special Inspector General for the Troubled Asset Relief Program. Meet Causey Award winner, Neil Barofsky.

Tags: Federal Drive , Neil Barofsky , Causey Awards , TARP , SIGTARP , IG , pay and benefits , HR , chili , Suzanne Kubota

Tuesday - 05/25/2010, 09:49am EDT
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SAMMIE Finalist reassured while averting disaster

His conviction that the Treasury's debt office was on the verge of disaster much like 2005 when the Federal Emergency Management Agency was ill-equipped to handle Hurricane Katrina led him to push for a complete overhaul of the risk management tools used to issue the national debt. Meet Karthik Ramanathan: SAMMIE finalist.

Tags: Federal Drive , Partnership for Public Service , Sammies 2010 , Service to America Medals , Karthik Ramanathan

Monday - 05/17/2010, 10:40am EDT
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