Federal Budget

Latest Headlines

Latest Headlines

Civilian agencies could face nearly $2B in spending cuts due to sequestration, OMB says

Federal civilian agencies will face billions of dollars in spending reductions if Congress doesn't rollback sequestration cuts for fiscal 2016, according to an Aug. 20 Office of Management and Budget report.

Sequestration has had a 'noticable' effect on US economy, says Bernanke

Sequestration at the Defense Department hasn't only hurt agencies, it's also been a detriment to the American economy, Former Federal Reserve Chair Ben Bernanke said at an Aug. 18 Brookings Institution event.

USPS responds to criticism of fiscal oversight

The U.S. Postal Service responded Aug. 17 to a recent blog post from the Americans for Tax Reform that said the agency is allowed to continue even though it lacks any kind of fiscal responsibility.

Presidential advisors recommend 8 new focus areas for IT research and development

In an Aug. 7 report to the White House, the President's Council of Advisors on Science and Technology, or PCAST, recommended the federal government overhaul the way it categorizes information technology research and development spending.

Top Democrats slam Republicans for failing to agree to budget negotiations

The Senate's top Democrat told Republicans Tuesday that if the government faces another shutdown come October, it will be their fault.

Changes to drug refill plan could save DoD, service members millions of dollars

New changes to military pharmacy benefits mean that TRICARE enrollees can get some refills only at military facilities or via mail-order programs.

Federal contractors ask White House to slow stream of executive orders

The federal contracting community wants the Obama administration to halt the flow of executive orders focused on reforming the industry after a draft executive order that would mandate federal contractors to give employees paid sick leave was leaked. 

USPS third-quarter earnings a mixed bag

The report marks the first time in almost two years USPS did not turn an operational profit.

Defense cuts, sequestration continue to dog military families, survey shows

Almost three-quarters of military families expect to feel the financial effects of defense spending cuts and sequestration, a new survey found.

OMB director: 'sequestration was never intended to take effect'

In a letter to the Senate Appropriations Committee, Office of Management and Budget Director Shaun Donovan outlined "serious concerns" about funding cuts outlined in the proposed appropriations bill.