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GSA and DoD updated policies to require make it a little easier for vendors to raises prices under current contracts.
In today's Federal Newscast: Inflation-weary defense contractors get a break from firm, fixed-price contracts. In a recent GAO Report, one conclusion is that the Defense Department can do a better job of utilizing commercial satellites. And the Army wants to modify and accelerate the selection process for new commanders.
Within the next week, DoD hopes to update its policies to allow more vendors hit by inflation to request price increases on their fixed-price contracts.
In today's Federal Newscast, a Virginia congressman demands to know if the Homeland Security Inspector General is under investigation. And the IRS is looking to expand its use of video conferences in appeals cases.
A million dollar nest egg may be a reasonable goal at age 25. But that could change by the time you are 50 or 60. Maybe been through a major recession or two. Or seen inflation skyrocket.
Also in today's Federal Newscast, the Marine Mammal Commission has its ethics called into question, and GAO is concerned the Navy is trying to impede Congressional oversight.
The Inflation Reduction Act would give the Postal Service $1.29 billion to purchase electric vehicles, and $975 million to GSA to support emerging sustainable technologies.
In today's Federal Newscast: No surprise. Inflation is hitting the contracting community, along with everyone else. GAO reports that DoD has shoddy tactics for testing children for lead exposure. And the Customs and Border Protection directorate hits facial recognition technology right between the eyes.
A million dollar nest egg may be a reasonable goal at age 25. But that could change by the time you are 50 or 60. Maybe been through a major recession or two. Or seen inflation skyrocket.
Congress says DoD's budget isn't big enough for price increases, however lawmakers hold the purse strings
In today's Federal Newscast, the Defense Department says it may need more money in 2023 to offset inflation.
The defense industrial base faces many challenges, like inflation and Ukraine, that need to be dealt with this fiscal year.
The Federal Acquisition Service has had a busy first six months of fiscal 2022, including trying to give contractors and agencies relief from inflation.
While the Biden administration is asking for $773 billion for 2023, that number may not go as far as hoped. DoD says it finished up its planning for 2023 before inflation rates rose and before Russia invaded Ukraine causing oil prices to spike.