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How big is the national debt? The conventional answer is around 18 trillion dollars. But a group called Truth in Accounting says the real debt is more like 81 trillion. Truth in accounting CEO and founder Sheila Weinberg joined Emily Kopp on the Federal Drive to explain how the group gets from 18 to 81.
The National Treasury Employees Union says a budget proposal for the IRS would cause \"damaging cuts.\" But Rep. Ander Crenshaw defens his subcommittee\'s proposal.
Sen. James Lankford, chairman of the Homeland Security and Governmental Affairs Subcommittee on Regulatory Affairs and Federal Management, sent a letter to OPM Director Kathleen Archuleta asking for more details on what OPM knew, when it knew it and what it plans to do about the cyber attack. At the same time, Sens. Mark Warner and Angus King asked Appropriations Committee members to meet the agency\'s $32 million funding request for cybersecurity tools and staff.
LETTER TO THE EDITOR: Fredric Rolando, president of the National Association of Letter Carriers, reacted to a Federal News Radio story about the financial status of the Postal Service.
In the Defense budget debate, $38 billion is on the line. It could end up in the Overseas Contingency Operations budget, or it could end up in the base budget, and it could get cut. If the money stays, one place or another, most of it would go to operations and maintenance programs. Cameron Leuthy, a senior budget analyst with Bloomberg Government, tells In Depth with Francis Rose who could win big in the budget stakes.
Secretary Tom Vilsack said employees saw opportunities to buy smarter, telework more and rethink long-held practices under the Blueprint for Stronger Service initiative. He said after saving money across the board on back-office functions, the Agriculture Department\'s goal is to save another $100 million from strategic sourcing.
Commentary: Strategies, lessons learned won\'t be necessary if Congress does what everyone knows is the responsible thing to do.
The administration criticized the House appropriations framework that would implement sequestration funding levels for non-Defense agencies, while using Overseas Contingency Operations funds to pay for base Defense spending.
The Joint Chiefs of Staff added their own recommendations on military retirement reform and sent them to Defense Secretary Ash Carter. Most of their recommendations are similar to proposals in both the House and Senate National Defense Authorization Acts. But the recommendations from the chiefs may throw a wrinkle into the congressional debate. Todd Harrison, a senior fellow for defense studies at the Center for Strategic and Budgetary Assessments, tells In Depth with Francis Rose what the Joint Chiefs are proposing.
President Obama hasn\'t given up on consolidating six business-related agencies into one, and for good reason, says Jeff Neal.
The Defense Department should get ready for sequestraton\'s return in fiscal 2016, the Government Accountability Office warns in a new report.
Commentary: The solution to the sequester quandary is obvious, so Congress should just do its job so agencies can do theirs.
What will your agency\'s budget look like next year? The picture is a little clearer now that the Senate Appropriations Committee has passed outlines for all 12 annual spending bills. Like its House counterpart though, the plan has increases for some programs and cuts for others. Still, Congress is a long way from passing and reconciling everything required for the government to get a fresh start come Oct. 1. Bloomberg Government reporter Erik Wasson joined Tom Temin on the Federal Drive to review the Senate outline and speculate on what comes next.
Stephen Rice, the TSA chief information officer, said the agency is figuring out how to modernize its IT infrastructure despite seeing a $65 million budget cut over the last three years.