Stephen Goss, chief actuary for the Social Security Administration, talks about how actuaries can help federal agencies improve financial planning. Dr. Matthew...
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If you thought actuaries were so boring they make accountants seem exciting, think again. Actuaries work throughout the federal government. As part of our weeklong multimedia series, Rise of the Money People, we asked an actual actuary about his work and how it can help federal agencies improve their financial planning. Stephen Goss is chief actuary at the Social Security Administration. Our first question was, what do actuaries do?
Over the past three years, the Government Accountability Office has found more than 160 areas where, it seems, federal programs are either stepping on each others toes or just not coordinating their services. The most recent report, issued this week, highlights 31 areas. Sen. Jon Tester (D-Mont.) oversees the Senate subcommittee on government efficiency. We spoke to him as part of our weeklong multi-media series Rise of the Money People: Financial management moves front and center as agencies make final assault on wasted billions. Tester says his panel is rooting out duplication and gaps in federal services.
A lack of budgetary independence is hampering the ability of inspectors general to detect fraud. That’s one of the findings in a new study on IG offices across the country. Dr. Matthew Harris is an associate adjunct professor at the University of Maryland University College. He led the study and he joins us with more.
Today, to close our weeklong multimedia series Rise of the Money People: Financial management moves front and center as agencies make final assault on wasted billions, we’re looking at Congress’ role in federal financial management. Rep. John Mica (R-Fla.) has long accused the government of being too big. Now he chairs a new House Oversight Subcommittee on Government Operations. That gives him greater control over one of his pet issues, disposing of federal property and a lot more.
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