Government Shutdown
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Julie Perkins and Jenny Mattingley host a roundtable discussion of the big issues in the federal government and what's ahead for 2014. December 6, 2013
December 06, 2013 -
During the 16-day government shutdown last month, more than 14,000 Thrift Savings Plan participants withdrew money from their accounts, the highest number of hardship withdrawals in a single month ever. This may have helped participants weather the financial uncertainty of the shutdown. But, under TSP rules, it also means they'll be unable to contribute to their 401(k)-style retirement accounts for the next six months. Now, the Federal Retirement Thrift Investment Board, which oversees the TSP, is concerned that not all those participants will take the initiative to restart their contributions when the penalty period expires next spring.
November 25, 2013 -
The 16-day government shutdown forced federal employees to miss millions of days of work, agencies to forego millions of dollars in revenue and programs to grind to a halt. In a new report, the Office of Management and Budget estimates that federal workers missed 6.6 million days of work and the shutdown cost more than $2.5 billion in pay and benefits for employees, most of whom didn't work.
November 07, 2013 -
Did the 16-day-for-some furlough ruin your year or was it a welcome suprise vacation? It is getting mixed reviews from feds who had to work and those who were forced -- then paid -- to stay home, Senior Correspondent Mike Causey says.
November 05, 2013 -
For many feds, the shutdown seemed like a bad dream. Among its unintended consequences: It created two classes of federal workers in the same office -- the excepted vs. the expendables, Senior Correspondent Mike Causey says. So are those forced to work due a little something extra?
October 29, 2013 -
Hardship withdrawals shot up in the first few weeks of October and thousands more employees opted to shift their investments out of higher-risk areas and into the G Fund, TSP officials said at at the board's monthly meeting Monday. During the shutdown, some 8,200 participants requested hardship withdrawals, compared to 5,500 during the same period of time last year.
October 28, 2013 -
Virtually every one of DoD's acquisition programs took a hit from sequestration in the first year of sequestration, officials from each of the military services told lawmakers this week. But the next few years of the 10-year spending restrictions could be much more painful, especially if Congress doesn't return to the process of enacting regular appropriations bills.
October 25, 2013 -
On this week's Capital Impact show, Bloomberg Government analysts will examine the impact of the 340B Drug program on so-called "safety-net" hospitals, and how the government shutdown has affected the economy. October 24, 2013
October 24, 2013 -
Key politicians from both parties have said never again will there be a government shutdown like the farce of 2013, Senior Correspondent Mike Causey reports. So if it is safe to write the shutdown's obituary, where would you start?
October 24, 2013 -
Financial planner Arthur Stein will discuss what you can do to protect your assets in the event of another government shutdown, and Sean Reilly will talk about the possibility of another shutdown, and what's ahead for feds. October 23, 2013
October 23, 2013 -
Top politicians have vowed there will be no more shutdowns. But they've said that before, including as recently as this month, Senior Correspondent Mike Causey says. So what can you do if there's a repeat performance?
October 23, 2013 -
Army officials say the service is facing uncertainty times after weathering a series of continuing resolutions, sequestration and a partial government shutdown. Meanwhile, a new round of automatic budget cuts may be on the horizon if Congress doesn't pass a new budget come January.
October 22, 2013 -
Eighty-three percent of respondents to a Federal News Radio online poll said morale at their workplace is now worse than before the shutdown. Another 5 percent of respondents said they didn't feel personally affected but the morale of their co-workers had worsened. Federal workforce experts and employees, themselves, say the the two-week government shutdown has opened up a rift of resentment between groups of federal employees which, in part, is fueling the morale drain.
October 22, 2013 -
Whatever the political purpose of the shutdown, it apparently didn't work. It amounted to a 16-day paid vacation for a lot of federal workers and lost income for lots of people, Senior Correspondent Mike Causey says. So what did you do?
October 22, 2013 -
Federal News Radio wants to know how the shutdown has affected morale in your workplace. Take the poll and let us know.
October 21, 2013