Financial Management
Cost overruns and delays plague VA’s new integrated financial management system
The rollout of VA’s modernized financial management and acquisition system has been affected by delays in the department’s new electronic health record system, since “multiple deployments” depend on the EHR’s launch at medical facilities.
Transportation’s working capital fund is missing controls for cost recovery, IG warns
The watchdog’s findings include an accidental overbilling by upwards of $16,000.
The Supreme Court has delivered a victory for a financial watchdog, and all agencies with alternative funding
The Consumer Financial Protection Bureau was facing an existential threat before Thursday's ruling.
DOD lag on enacting business system recommendations may slow clean audit, GAO says
The Defense Department has still yet to fully implement 18 recommendations that the watchdog said could facilitate the decades-long pursuit of completing an enterprisewide audit.
Biden Wants to Expand a Federal Agency’s Power to Go After Failed Bank Execs
The White House says Congress must give its administration more accountability powers.
The Supreme Court Will Review the Consumer Protection Agency’s Funding Structure
An appeals court ruled in October that the Consumer Financial Protection Bureau’s funding structure was unconstitutional.
Bill to 'Stop the Government Speak' in Agency Documents Clears Senate
The proposal would expand and update an existing law on plain language requirements for agencies.
A Federal Appeals Court Found the Consumer Protection Bureau’s Funding Structure is Unconstitutional
The agency, created in response to the 2008 financial crisis, has faced a slew of legal challenges.
GovExec Daily: Don't Ignore Government Performance Metrics
Shelley Metzenbaum joins the podcast to discuss why more people should pay attention to performance reports.
Small Business Contract Awards Hit Record $154B
But fewer of those companies are entering the federal market or competing for the work, the Small Business Administration says.
OMB Unpauses Its Plan to Rethink the Federal Property Footprint
Agencies have a December deadline for developing real property capital plans. The administration wants them to think about how their property needs might change after COVID-19.
DOE Shares the Playbook for Energy Emergencies
The Energy Emergency Response Playbook for States and Territories is designed to help state officials respond to threats to the energy infrastructure from cyberattacks, man-made damage and weather-related incidents like drought, flooding, storms, extreme heat or earthquakes.
Lawmakers Want to Improve Federal Agencies’ Financial Management
New bill would build on a 1990 law.
Rooting out Fraud in Government Programs
Machine-learning helps spot fraud, waste and abuse because it can not only automatically check massive amounts of data for signs of sketchy activity but also improve over time.
How the Service Academies Could Improve Defense Management
Why a disciplined study of the economics of national security should be required for future military leaders.
How Government Policies Inhibit Accurate Financial Reporting and Incur Vast Costs
There’s a clear case for reforming federal accounting standards and practices. Here are five places to start.
Watchdog: OMB Should Collect and Share Lessons Learned on COVID Grants Flexibilities
OMB “generally agreed” this is a necessary action.
GovExec Daily: Ten Years of Federal Performance Management
Georgetown's Dr. Donald Moynihan joins the podcast to discuss the reasons for optimism after a decade of the Government Performance and Results Act Modernization Act.
Watchdog: OMB Should Issue Guidance About Improper Payments With COVID Relief Funds
The full extent of the issue is not fully known yet, but there could be a “substantial” sum in mistaken payments, said the Government Accountability Office.
Biden Reportedly Will Nominate Janet Yellen to Become Nation’s First Female Treasury Secretary
If confirmed, Janet Yellen would be the first woman to ever hold the three most influential economic positions in U.S. government history.
