Treasury Department
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The Office of Federal Financial Management is updating Circular A-123 to focus on risk management and data-driven decision-making. OFFM also plans on rescinding the financial systems requirements circular, A-127, in the coming weeks.
September 18, 2013 -
A new report by the Partnership for Public Service and McKinsey and Company found inconsistencies among agencies in how they recruit and develop their Senior Executive Service members. That lack of standardized leadership development is causing some to question whether senior executives will be prepared to replace long-time managers who are retiring at a fast rate.
July 24, 2013 -
In his Inside the Reporter's Notebook feature, Executive Editor Jason Miller shares news and buzz in the acquisition and IT communities that you may have missed this week.
June 24, 2013 -
OMB and Treasury have been working with the four federal financial management shared services providers to collect information on cost and performance. OMB Deputy Controller Norman Dong said the data will help agencies make true comparisons of the providers.
June 07, 2013 -
The administration is expected to release a new directive in the coming weeks to update Circular A-127, which defines how agencies operate their financial systems. The new guidance is expected to open the market up to vendors and make it easier for agencies to transition to shared service providers.
May 21, 2013 -
Senate lawmakers are promising to change the laws to let agencies have easier access to the Death Master File and other key databases. Starting June 1, agencies must check the Do Not Pay list before issuing any money.
May 09, 2013 -
Federal chief financial officers have more foresight, insight and hindsight than ever before to make better decisions. But just as important as having these wide-ranging sight lines is how they are being translated down to the program level. Experts say agencies are slowly heading down the path of using data to make better decisions.
April 15, 2013 -
Kim McCoy, the bureau's chief information officer, said she's looking at how best to pre-position resources to get new agency financial management customers on board more quickly. April 11, 2013
April 11, 2013 -
Danny Werfel, the OMB controller, will issue a new policy in the coming weeks that will mandate agencies simplify their requirements before upgrading their general ledger systems. The policy also will require agencies to strongly consider one of the four federal shared service providers. OMB said it has learned lessons from the previous attempts to move agencies into these common financial management infrastructures.
February 22, 2013 -
Ron Ross of the National Institute of Standards and Technology wants feedback on the agency's IT security and privacy controls. Deputy Commissioner Wanda Rogers of the Treasury Department's Financial Management Service talks about the final transition to E-Payments. Philip Lohaus is a research fellow with the American Enterprise Institute and former Defense Department analyst who has studied and blogged about how the CIA is two organizations in one.
February 11, 2013 -
Tom Sharpe will move over from the Treasury Department to take over the Federal Acquisition Service.
January 22, 2013 -
Officials are investigating an apparent pipe bomb that destroyed a mailbox at the Virginia home of the Treasury Department's inspector general.
January 04, 2013 -
Members of Maryland's congressional delegation say plans to relocate about 450 jobs from Prince George's County have been delayed until the end of 2019.
January 03, 2013 -
Fred Hochberg, the Export-Import Bank president told The Federal Drive with Tom Temin and Emily Kopp that unlike other agencies, his agency has been able to pay money to the government rather than take money from the government.
November 16, 2012 -
A new request for information asks vendors at answer 10 questions about improving the strategic sourcing of commodity software titles. This is at least the fourth attempt to get more agencies using the enterprise software licensing initiative.
November 12, 2012