In a new report on reducing the federal deficit, the Congressional Budget Office suggests that cutting 70,000 government jobs over the next decade and changing the math used for civilian and military pensions could save $100 billion.
The ups and downs of federal budgeting require managers to be nimble and creative. Doug Criscitello has learned a few lessons from decades of work in federal finance. He was Chief Financial Officer of the Housing and Urban Development Department, and also held posts at the Congressional Budget Office and the Office of Management and Budget. He is now the managing director for the global public sector practice at Grant Thornton. He has also recently been inducted into the National Academy of Public Administration. He joined Tom Temin on the Federal Drive to discuss what he hopes to do at NAPA.
The Congressional Budget Office estimates the Senate's postal reform plan would save just under $17 billion. Changes to the agency would include maintaining increased postal rates and cutting delivery to five days per week.
A new Congressional Budget Office analysis of proposed deficit-reduction efforts contained half a dozen proposals affecting federal employees, including reducing annual pay raises, requiring federal employees to contribute more toward their pensions and reducing the size of the federal workforce through attrition. All told, such proposals would reduce federal outlays or increase revenues by $308 billion, according to CBO estimates.
On this week's Capital Impact show, Bloomberg Government analysts will examine the technical problems with the Healthcare.gov website, their impact, and who is responsible for the progam's shortfalls. October 31, 2013
The report found federal employees work on average of 38.7 hours a week, compared with 41.4 hours per week in the private sector. That difference adds up to 3.8 fewer weeks per year feds work.
The Government Accountability Office looked at six studies about federal pay and found that the different approaches taken in each made their findings potentially problematic.
A House bill designed to reduce government redundancy by requiring agencies to provide detailed reports about the programs they operate will cost about $100 million for agencies to implement, according to a Congressional Budget Office analysis. The Taxpayers Right to Know Act, introduced by Rep. James Lankford, would required agencies to publicly post detailed information about each of the program they operate, including costs and the number of employee dedicated to them.
Researchers are struggling to agree on the best method for comparing public and private sector compensation. Some analysts say the use of differing methods results in wildly varied conclusions.
The Promoting and Enhancing Cybersecurity and Information Sharing Effectiveness Act — the Precise Act of 2012 — would authorize money for Homeland Security. CBO scored the bill at $28 million dollars over five years.
Doug Holtz-Eakin, the former CBO director, discusses the latest CBO projections for the federal budget deficit.
The House bill — H.R.3813 — would require federal workers to contribute 1.5 percent more of their salaries toward retirement over three years and end a supplemental payment for early retirees under the Federal Employee Retirement System.
A rare public hearing of the supercommittee suggests members aren\'t close to developing a plan to cut more than $1 trillion from the federal deficit over 10 years. Congressional Budget Office Director Doug Elmendorf warned them that cuts to discretionary funding, including feds\' pay, would not solve the problem.
The bill to repeal a requirement that governments withhold some payments to vendors would add more than $11 billion to the deficit, according the Congressional Budget Office. A key House committee has already passed the bill.
The President\'s proposal for a Civilian Property Realignment Board could cost agencies more money than the current system to dispose of unused federal property.