Financial Management

IRS Direct File, GAO, USDS

The IRS recovered $1 billion in overdue taxes. Will that save its future funding?

The IRS recently announced it had collected $1 billion in overdue tax revenue, after launching a crackdown on millionaires not paying what they owe.

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Getty Images/iStockphoto/Alexey Bragin

New strategy, A-123 update to help reduce improper payments

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Department of Defense

Contractor’s dispute over cost-accounting standards has roots dating back 17 years

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Department of Treasury

Treasury giving agencies a fighting chance to prevent fraud

David Lebryk, the fiscal assistant secretary at the Treasury Department, said a new machine learning tool is reducing the chance of fraud from paper checks.

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Amelia Brust/Federal News NetworkDoD budget, Navy

Without full year budget, Navy to face $40B shortfall

Russell Rumbaugh, the Navy’s comptroller, said the financial management modernization effort could be delayed if the 2024 budget is reduced or cut.

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Amelia Brust/FNNFederal budget request concept

Lawmakers flag concerns with payment delays, cost overruns for Coast Guard’s new financial system

The Coast Guard officially transitioned to the new system in January, but technical issues have led to a backlog of invoices.

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