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Search Tags: budget
On this week's Capital Impact show, Bloomberg Government analysts discuss the latest jobs report and and how sequestration is affecting the economy of Fairfax County Virginia.
April 11, 2013
Tags: acquisition , jobs report , Nela Richardson , Allen Scott , fairfax county , contracting , Lockheed Martin , Booz Allen Hamilton , Northrup Grumman , SAIC , sequestration , Lorraine Woellert , Bloomberg Government , Capital Impact
Senior Correspondent Mike Causey wants to know: Would you be willing to accept a slightly smaller retirement benefit if it would help get the country out of debt? What if future cost-of-living adjustments to your civil service benefit were reduced by a mere 0.3 percent each year?
The U.S. Postal Service has reversed its decision to end Saturday mail delivery service, saying Congress gave it no choice when it passed a 2013 appropriations bill last month that continued a ban on five-day delivery.
President Barack Obama is calling for the implementation of the "chained Consumer Price Index" to measure inflation. The change will reduce cost-of-living adjustments for retired federal employees and Social Security recipients. The 2014 budget is officially scheduled for release on Wednesday.
James Clapper, the director of National Intelligence, said the 17-agency community is trying not to repeat lessons of past cuts that hampered analytical capabilities. Clapper also issued a new IC-wide code of ethics and made a key change to the security clearance form.
President Thomas Jefferson spoke of the impenetrable financial fog the federal government found itself under in 1802. Unfortunately, some things never change. Former Labor Department CFO Sam Mok says there are three steps the new director of the Office of Management and Budget should take to begin making a difference in this arena. Mok's column is part of Federal News Radio's special report, Rise of the Money People.
Absent structural changes, the combination of 10-year budget caps Congress has already approved and rising growth in personnel costs mean DoD would be able to sign paychecks, administer healthcare benefits and not much more.