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Search Tags: Treasury
A new report by the Partnership for Public Service and McKinsey and Company found inconsistencies among agencies in how they recruit and develop their Senior Executive Service members. That lack of standardized leadership development is causing some to question whether senior executives will be prepared to replace long-time managers who are retiring at a fast rate.
In his Inside the Reporter's Notebook feature, Executive Editor Jason Miller shares news and buzz in the acquisition and IT communities that you may have missed this week.
Tags: technology , acquisition , HUD , financial management , DoD , Bob Lentz , Defense Authorization Bill , GSA , Dan Tangherlini , industrial funding fee , Inside the Reporters Notebook , Jason Miller
The Treasury Department unveiled Secretary Jacob Lew's new signature on Tuesday. It takes the Bureau of Engraving and Printing about 18 weeks to put new engraving plates into production. That means Lew's signature will not show up on the various currency denominations until sometime this fall.
OMB and Treasury have been working with the four federal financial management shared services providers to collect information on cost and performance. OMB Deputy Controller Norman Dong said the data will help agencies make true comparisons of the providers.
In order to avoid defaulting on the national debt, Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time.
The administration is expected to release a new directive in the coming weeks to update Circular A-127, which defines how agencies operate their financial systems. The new guidance is expected to open the market up to vendors and make it easier for agencies to transition to shared service providers.
White House chief of staff Denis McDonough and other senior advisers knew in late April that an impending report was likely to say the IRS had inappropriately targeted conservative groups.
Senate lawmakers are promising to change the laws to let agencies have easier access to the Death Master File and other key databases. Starting June 1, agencies must check the Do Not Pay list before issuing any money.
Tags: management , financial management , Danny Werfel , OMB , Richard Gregg , Tom Coburn , Tom Carper , Senate Homeland Security and Governmental Affairs , improper payments , SSA , Death Master File , information sharing , Marianna LaCanfora , Jason Miller
Federal chief financial officers have more foresight, insight and hindsight than ever before to make better decisions. But just as important as having these wide-ranging sight lines is how they are being translated down to the program level. Experts say agencies are slowly heading down the path of using data to make better decisions.
Tags: management , financial management , data analytics , Danny Werfel , OMB , Grant Thornton , Deloitte , Doug Criscitello , Vincent Dennis , GSA , FEMA , data sharing , Rise of the Money People , Jason Miller