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TSP board quashes extra loan option for furloughed feds

The Federal Retirement Thrift Investment Board says offering federal employees an extra loan option through their Thrift Savings Plans to cushion the impact of furloughs would require too much effort to implement and may not help the employees all that much. Several federal-employee unions have lobbied the board to add a second general purpose loan option to help cushion the blow of furloughs. But at a Employee Thrift Advisory Council meeting April 22, the board quashed the idea, citing the complexity surrounding the changes.

Tags: In Depth , Francis Rose , Kim Weaver , Greg Long , TSP , FRTIB ,

Tuesday - 04/23/2013, 06:04pm EDT
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Army could lose 100,000 soldiers due to sequestration

Army leaders say the belated passage of a 2013 budget helped this year's fiscal picture, but the service still is more than $15 billion short of funds. If sequestration continues, the service will shrink by at least 100,000 soldiers.

Tags: DoD , Army , Congress , sequestration , workforce , civilian workforce , John McHugh , Raymond Odierno , Jared Serbu , Senate Armed Service Committee ,

Wednesday - 04/24/2013, 07:22am EDT
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Bill gives FAA authority to move funds, prevent furloughs

The House is expected to quickly pass a bill the Senate approved last night that would end furloughs for air traffic controllers. The legislation gives the Federal Aviation Administration the authority to transfer up to $253 million from accounts flush with funds into other programs. This would would help to prevent reductions in operations and staffing through the end of fiscal year 2013.

Tags: FAA , Congress , House , sequestration ,

Friday - 04/26/2013, 06:22am EDT

AG Holder: No furloughs at Justice Department

Attorney General Eric Holder says he will not need to furlough any Justice Department employees in the current fiscal year.

Tags: Justice Department , Attorney General Eric Holder

Wednesday - 04/24/2013, 09:30pm EDT

The F-word from Washington

Getting furloughed is a very personal thing, Senior Correspondent Mike Causey says. For some feds, it will amount to no more than a series of three-day weekends. Others say even losing a couple of days pay will break their bank. Still more think it is a political stunt and a heckuva way to run a government. So what's your take?

Tags: Mike Causey , Federal Report , workforce ,

Thursday - 04/25/2013, 02:00am EDT

OMB employees begin furloughs

The White House tells "a majority" of career staff not to come to work. It's the first of 10 furlough days over the next six months. Labor, FAA and EPA also have or are furloughing employees.

Tags: workforce , OMB , sequestration , EPA , National Park Service , FAA , Jason Miller

Monday - 04/22/2013, 04:36pm EDT

Airlines, pilots sue government to stop furloughs

Two airline trade associations and the Air Line Pilots Association said they have filed a lawsuit asking the U.S. Court of Appeals in Washington to stop the furloughs.

Tags: FAA , pilots , sequestration ,

Saturday - 04/20/2013, 02:20pm EDT

Ripple effect of furloughs

Politicians first said it couldn't happen, then that it shouldn't happen and, finally, we were assured it would never happen. One problem, it -- sequestration-triggered furloughs -- did happen. Not as quickly as some predicted. But they are with us, as federal agencies juggle their finances, Senior Correspondent Mike Causey says.

Tags: Mike Causey , workforce , sequestration ,

Monday - 04/22/2013, 02:00am EDT
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