Search Tags:  budget deficit

The deficit and health care, capital buffers, and the lame-duck Congress

On this week's edition of Bloomberg Government's Capital Impact show, analysts will discuss the deficit's impact on Medicare and Medicaid, the costs of requiring capital buffers on money market funds. Plus, what legislation will Congress tackle in its lame-duck session?
Setember 27, 2012

Tags: acquisition , Medicare and Medicaid , Matthew Barry , Securities and Exchange Commission , money market funds , Christopher Payne , Capital buffer , Congress , lame duck session , Loren Duggan , Allen Scott , Bloomberg Government , Capital Impact

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Government accountants issue advice to Treasury to help clean up its books

After a year-long study, the Association of Government Accountants issued a report suggesting a dozen changes and steps that would improve how the U.S. Treasury Department tracks government-wide revenue, spending and the federal deficit.

Tags: GAO , Treasury Department , accounting standards , financial reporting , budget , Congress

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Bill would make deficit commission proposals law

Rep. Kevin Brady (R-Texas) introduces legislation to cut the federal workforce by 10 percent and freeze federal pay for an additional year. The bill includes a host of suggestions to cut spending from both the commission and from the Obama and Bush administrations. Brady said collecting unpaid taxes from federal employees could result in $3 billion.

Tags: management , Kevin Brady , DoD , Justice , IRS , White House , federal spending , National Commission on Fiscal Responsibility and R , Jason Miller

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Baker vows to look for ways to close $77M deficit

Prince George's County's new County Executive Rushern Baker delivered his first budget briefing Wednesday, and the news is mixed.

Tags: Prince George's County Council , Rushern Baker , Kate Ryan

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Pension, health care programs could be cut next

The Fiscal Commission issued its final set of recommendations detailing several that would affect federal employees. The panel suggested reducing the federal workforce by 200,000 employees over the next five years, changing the FEHB to a defined contribution premium program and several other short term changes.

Tags: management , White House , OMB , National Commission on Fiscal Responsibility and R , Paul Posner , Robert Shea , Alice Rivlin , George Mason University , Grant Thornton , pay freeze , spending cuts , Jason Miller

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MoCo unlikely to raise taxes despite deficit

The Montgomery County Council is exploring fundamental changes to avoid another huge budget deficit, but new taxes likely aren't on the immediate horizon.

Tags: Montgomery County Council , Montgomery County , Kate Ryan , Nancy Floreen , Office of Legislative Oversight

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