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Budget
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By DAVID ESPO and ERICA WERNER Associated Press WASHINGTON (AP) — Republicans pushed a balanced-budget blueprint toward post-midnight Senate approval early Friday, laying down conservative markers for a likely veto struggle with President Barack Obama…
March 27, 2015 -
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The Fiscal Year 2016 budget the House passed Wednesday calls on federal employees to make greater contributions to their retirement plans, while altering the Thrift Savings Plan's G Fund. The budget also seeks to reduce the civilian workforce by 10 percent over the next 10 years through attrition.
March 26, 2015 -
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The House and Senate Budget Committees are working through plans today that would add funds to the Overseas Contingency Operations budget. But the White House has already said President Barack Obama won't sign a budget with a huge increase in OCO funding. Long-term financial planning for the military is one aspect of a long-term strategy detailed in a new work called "Avoiding Trivia: A Strategy for Sustainment and Fiscal Security." Retired Navy Capt. Jerry Hendrix is the author and senior fellow and director of the Defense Strategies and Assessments Program at the Center for a New American Security. On In Depth with Francis Rose, Jerry explained where the term "avoiding trivia" comes from and how it applies to military strategy.
March 25, 2015 -
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The Postal Service doesn't want to go into banking, but the idea just won't go away, according to experts on a Brookings Institution panel.
March 25, 2015 -
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In our latest online chat, Doug Wiltsie, head of the Army's Program Executive Office Enterprise Information Systems, discusses budget pressures, the move to agile development, acquisition innovation and cyber, among other topics.
March 24, 2015 -
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The Democrats' plan, introduced by House Budget Committee Ranking Member Chris Van Hollen, would further change the Budget Control Act to allow agencies more financial flexibility. Unlike the Republican plan to restore normalized funding to the Defense Department while continuing to scale back domestic programs, the Democrats want to restore funding for both defense and non-defense agencies.
March 23, 2015 -
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"It would drop the interest to virtually zero, which would make the G Fund worthless to our participants," the Federal Retirement Thrift Investment Board's Kim Weaver said of the House proposal.
March 23, 2015 -
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Republican lawmakers released their Fiscal Year 2016 budget plans this week, containing increased spending for the Pentagon, cuts for non-Defense operating budgets and a hike in federal employees' contributions to their retirement plans.
March 20, 2015 -
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Pentagon officials are adamant that sequestration-level spending is incompatible with the current Defense strategy. But, they also have serious concerns with the plan House Republicans released this week to boost Defense funding, saying it would limit their options and keep the military in a state of budget uncertainty.
March 20, 2015 -
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By DAVID ESPO and ANDREW TAYLOR Associated Press WASHINGTON (AP) — Republicans in Congress advanced balanced-budget plans bristling with cuts in Medicaid and other benefit programs Thursday, determined to make a down payment on last…
March 20, 2015 -
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IRS Commissioner John Koskinen says the agency won't have to shut down for two days this fiscal year, as he earlier had warned employees. The IRS can make its current budget last until September because of other cuts it has made, he said.
March 18, 2015 -
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The Senate Budget Committee's markup of its FY 2016 budget resolution is under way on Capitol Hill. Committee Chairman Mike Enzi's (R-Wyo.) plan is a lot different than the one the Chairman of the House Budget Committee, Rep. Tom Price (R-Ga.), rolled out yesterday. Gordon Adams is a professor at American University and former OMB official responsible for national security budgets. On In Depth with Francis Rose, he said the House's plan to boost the Overseas Contingency Operations budget to reach the level of spending the Obama administration wants for the Pentagon is a gimmick.
March 18, 2015 -
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The Defense Business Board outlines three approaches for the Pentagon to save $125 billion across six administrative areas. Defense Deputy Secretary Bob Work said the 90-day study will help his department improve productivity as sequestration looms.
March 18, 2015 -
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By DAVID ESPO and ANDREW TAYLOR Associated Press WASHINGTON (AP) — House Republicans launched a boldly conservative 10-year budget plan on Tuesday that would favor the Pentagon, partially privatize Medicare and rely on deep cuts…
March 18, 2015
