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GAO: Long-term savings, short-term hurdle in dollar coin switch

The federal government could save $4.4 billion over the next three decades by phasing out the $1 bill with a $1 coin, according to a new Government Accountability Office report. But the cost estimates for the first 10 years actually spell a loss for the government to the tune of $531 million.

Tags: GAO , dollar coin , Lorelei St. James , In Depth , Francis Rose , Scott Brown , Treasury

Monday - 02/20/2012, 06:19pm EST
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Werfel shares State of the Union for Financial Management

Danny Werfel, controller at the Office of Management and Budget, spoke to The Federal Drive with Tom Temin from the Association of Government Accountants National Leadership conference, where he'll deliver a report on federal finance.

Tags: Danny Werfel , AGA , AGA Conference , OMB , Barack Obama , budget , Federal Drive

Thursday - 02/16/2012, 01:11pm EST
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Three lessons in risk management

The tough federal budget picture is on the minds of lots of people there. Doug Webster, former chief financial officer at the Labor Department and now a partner at CSC, knows how to do that better than most government financial leaders. In 2004, he helped Iraq's new transportation ministry set up and run its billion-dollar budget.

Tags: Doug Webster , Labor , AGA Conference , Federal Drive

Thursday - 02/16/2012, 09:45am EST
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NRC taking financial system to cloud

The agency hired CGI Federal to move its application from the Interior Department to the private cloud.

Tags: technology , NRC , CGI Federal , cloud computing , Interior , shared services , contracting , industry , Jason Miller

Friday - 02/10/2012, 12:18pm EST

Agencies see success in stemming tide of improper payments

Beryl Davis, the director of financial management and assurance issues at GAO, joined In Depth with Francis Rose to discuss the findings of a recent report detailing how agencies cut improper payments.

Tags: GAO , Beryl Davis , improper payments , In Depth , Francis Rose

Thursday - 02/09/2012, 08:22pm EST
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Postal Service posts $3.3B loss for the quarter

The Postal Service said large losses would continue until the agency can trim its workforce, close some facilities, and restructure its healthcare program. The Postal Service posted a total loss of $5.1 billion in fiscal 2011.

Tags: USPS , Joe Corbett , Patrick Donahoe , Congress , Darrell Issa , Emily Kopp , budget

Thursday - 02/09/2012, 02:12pm EST
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How will agency tech, financial management initiatives fare in 2013 budget?

Anne Reed, the chairman of the board of ASI Government, joined In Depth with Francis Rose to discuss the 2013 budget request and its impact on technology and financial management.

Tags: technology , Anne Reed , ASI Government , 2013 budget , budget , management , In Depth , Francis Rose

Thursday - 02/09/2012, 06:50pm EST
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OMB hangs hopes on new tools to cut $50B in improper payments

The Treasury Department and Recovery Accountability and Transparency Board are preparing to expand the use of new software and analytical applications this year. OMB Controller Danny Werfel said agency progress is coming along, but needs help from Congress to make it easier to share information among agencies.

Tags: technology , Danny Werfel , Mike Wood , OMB , Recovery Accountability and Transparency Board , House Oversight and Government Reform Committee

Wednesday - 02/08/2012, 10:03am EST
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DoD's audit goals achievable, Congressional inquiry finds

A special House panel finds DoD's audit plan is credible, but successful implementation will depend on commitment of Defense components and future leaders.

Tags: DoD , Congress , House Armed Services Committee , management , auditability , CFO , CFO Act , Robert Hale , Mike Conaway , Adam Smith , financial improvement and readiness plan , statement of budgetary resources , Senior Executives Service , workforce , budget , Jared Serbu , DoD Report

Wednesday - 01/25/2012, 05:24am EST
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Agency CFOs feel strain of impending budget cuts

Agency chief financial officers and deputy CFOs said their top three priorities and challenges all revolve around improving how their agency manages spending, according to an exclusive online survey by Federal News Radio. Agencies expect the 2013 budget request to include significant cuts in across-the-board discretionary spending. CFOs and deputy CFOs also said they are concerned whether their workforces are adequately trained to meet the job's growing demands.

Tags: 2011 and Beyond , CFO Council , CFO survey , management , budget , workforce , training , Jason Miller

Tuesday - 01/24/2012, 03:45pm EST
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