Obama Puts a Stop to Financial Systems Upgrades

The White House is making official a policy announcement that leaked earlier this month: It is putting a halt to financial systems modernization efforts to see if they can be replaced with smaller projects that have shorter, more manageable deadlines.

The administration announced this morning that in addition, it will be "reviewing the IT projects at highest risk of failure, and improving IT procurement and project management."

More details this afternoon on Nextgov, after Office of Management and Budget Deputy Director for Management Jeffrey Zients and U.S. Chief Information Officer Vivek Kundra hold a conference call to discuss the new initiatives.