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Search Tags: budget deficit
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
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.
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.
Prince George's County's new County Executive Rushern Baker delivered his first budget briefing Wednesday, and the news is mixed.
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
The Montgomery County Council is exploring fundamental changes to avoid another huge budget deficit, but new taxes likely aren't on the immediate horizon.