The Morning Federal Newscast is a daily compilation of the stories you hear Federal Drive hosts Tom Temin and Amy Morris discuss throughout the show each day. The Newscast is designed to give FederalNewsRadio.com users more information about the stories you hear on the air.

• Lockheed Martin says more than 600, or about a quarter of executives are taking buyout offers and leaving the company. The buyouts are part of Lockheed’s plan to reduce its workforce by 10,000. Lockheed says the move is prompted in part by the Pentagon’s plan to slim spending. The company says the buyouts would yield substantial savings and increase speed and agility.
• A federal judge has again delayed sentencing for a former special counsel accused of withholding information from Congress. Scott Bloch will have to wait to learn his fate, because U.S. Magistrate Judge Deborah Robinson has raised questions about his plea agreement. Bloch entered a guilty plea in a deal that would have spared him prison time. But the judge is questioning whether language in a law requires that Bloch receive a minimum 1 month jail sentence. Published reports, including the LegalTimes and GovExec, say the judge has requested briefs on the matter from prosecutors and Bloch’s defense attorneys.
• The president’s nominee to be budget director will face his first set of confirmation hearings next week. September 16 is the day two Senate committees have set aside time to hear from Jacob Lew, the president’s nominee to lead the Office of Management and Budget. The hearings are with the Budget Committee and the Committee on Homeland Security and Governmental Affairs.
• House and Senate negotiators have agreed on changes to the way your agency reports spending information. The provision would require agencies to use a standard format on the Internet. NextGov reports the goal is to make it easier for regulators and the public to analyze contracts and stimulus money. The change is part of a bill that would bolster the federal aid site Grants.gov. Lawmakers could vote on the measure before the November elections.

More news links

Gov’t: Spending to rise under health care overhaul

Obama meets senior advisers on Thursday

US embassies brace for Quran burning protests

Military bans video game that ‘kills’ US troops

Not priceless: Grand Teton land valued at $107M

Turtle egg rescue at NASA’s Kennedy space center billed success

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