Treasury Department News 
Top News
- Contractors with security clearances lack path to report problems
- Proposed commission would give teeth to cost-saving ideas but some lawmakers skeptical
- Feds outside the Beltway react to furloughs
- Contracting executives guilty of 8(a) program fraud
- EPA CIO Jackson returning to private sector
- Navy strikes enterprise licensing deal with Oracle
- 29-year-old NASA engineer going where no one has gone before
- USPS reaches energy reduction goal ahead of schedule
- NOAA meteorologist helps save lives one storm at a time
- ICE Director John Morton stepping down
- NASA picks 8 new astronauts, 4 of them women
- House passes sweeping $638 billion defense bill
- NIH tops list of best companies for baby boomers
- Latest postal reform proposal OKs 5-day delivery
- IRS official contradicts claims about reviews
- House presses VA for more details after cyber attacks
- DoD maintains BRAC fight, despite opposition
New data could be difference-maker for move to shared services
OMB and Treasury have been working with the four federal financial management shared services providers to collect information on cost and performance. OMB Deputy Controller Norman Dong said the data will help agencies make true comparisons of the providers.
New IRS head says taxpayers no longer trust agency
New IRS head says he is committed to restoring 'broken' trust in agency after tea party storm
IRS replaces official in tea party controversy
IRS replaces official who supervised agents involved in targeting tea party groups
OMB reworking financial system requirements to focus on outcomes, not inputs
The administration is expected to release a new directive in the coming weeks to update Circular A-127, which defines how agencies operate their financial systems. The new guidance is expected to open the market up to vendors and make it easier for agencies to transition to shared service providers.
Retirement funds temporarily tapped to avoid debt limit default
In order to avoid defaulting on the national debt, Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time.
More Obama aides knew of IRS audit; Obama not told
White House chief of staff Denis McDonough and other senior advisers knew in late April that an impending report was likely to say the IRS had inappropriately targeted conservative groups.
Do Not Pay list lacks data as implementation nears
Senate lawmakers are promising to change the laws to let agencies have easier access to the Death Master File and other key databases. Starting June 1, agencies must check the Do Not Pay list before issuing any money.
Treasury secretary working on penmanship
Treasury Secretary Jacob Lew's loopy signature is showing signs of improvement as he gets ready to affix his "Jacob Lew" to the nation's currency.
Sequestration: the new heartburn and Alka-Seltzer combo
The threat of furloughs is hanging heavy over tens of thousands of federal workers who say they won't be able to pay the bills if forced to stay home for five to 15 days. So, Mike Causey wants to know, is there light at the end of this tunnel?
IRS to furlough all 90,000 employees
The agency has identified five furlough days where it will, essentially, shut down entirely. A memo sent Friday to IRS staff from Acting Commissioner Steven Miller said the furlough days will start in May and continue through August.
Data analytics improving CFOs' lines of sight for program execution
Federal chief financial officers have more foresight, insight and hindsight than ever before to make better decisions. But just as important as having these wide-ranging sight lines is how they are being translated down to the program level. Experts say agencies are slowly heading down the path of using data to make better decisions.
Bureau of Fiscal Service primes network for influx of new customers
Kim McCoy, the bureau's chief information officer, said she's looking at how best to pre-position resources to get new agency financial management customers on board more quickly.
April 11, 2013
Lew hopeful on reaching a budget breakthrough
Treasury Secretary Jacob Lew said Thursday that he is optimistic that President Barack Obama will be able to reach an agreement with Republicans in Congress to break a budget impasse that's triggered across-the-board government spending cuts.
Lew set to start at Treasury as budget cuts loom
Confirmed by Senate, Lew to start at Treasury a day before big budget cuts set to take effect
US Senate panel backs Lew nomination for Treasury
Senate Finance Committee approves Obama's nominee Jacob Lew to be US Treasury secretary
Senate panel plans Tuesday vote on Lew nomination
Senate committee plans Tuesday vote on Jack Lew, Obama's nominee to be treasury secretary
Likely Treasury chief Lew faces early budget tests
Likely Treasury chief Lew will need to fight budget battles with Congress in early months
THE RESET: Gov't slowing economic and job growth
President Barack Obama declared last June that "the private sector is doing fine." And President Ronald Reagan liked to tell audiences, "Government is not the solution to our problem, government is the problem." Two major economic reports this week seem to lend some new weight to both provocative assertions.
Federal Drive Interviews -- Feb. 1, 2013
Sharon Roth of the Merit Systems Protection Board discusses a new survey on federal management. Lt. Cmdr. Jean Marie Sullivan of the Navy Office of Women's Policy talks about the new DoD decision to open up combat jobs to women. Greg Kutz, a senior audit executive with the Treasury Inspector General for Tax Audit, talks about a new report his agency released. Keith Lucas, vice president for AFGE Council 228, discusses a new contract his union signed with the Small Business Administration.
Why Geithner's Treasury leadership proved divisive
President Barack Obama has saluted the outgoing Timothy Geithner as one of the best U.S. Treasury secretaries ever. He's surely been among the most contentious.
