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Budget, financial management key DoD issues
Al Tucker, the executive director of the American Society of Military Comptrollers, joined Pentagon Solutions for an hour-long discussion of the Defense Department's accounting, budget and financial matters.
Tags: In Depth , Pentagon Solutions , DoD , budget , accouting , Al Tucker , American Society of Military Comptrollers
GAO: Work needed to correct errors in TARP financial statements
Gary Engel, GAO's director of financial management, says the Treasury Department's Office of Financial Stability, which implements TARP, still needs to establish a mechanism for effective implementation of its review and approval process for preparing its financial statements.
Tags: Gary Engel , GAO , OFS , TARP , financial accountability , Federal Drive , Michael OConnell , Treasure Department ,
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
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
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
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
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
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
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
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
