Tag Archives: federal spending

The Professional Services Council released a study stating that there has been a 17 percent decline in traditional shared services in the federal government last fiscal year, FCW reported Tuesday. PSC implemented the input of federal acquisition and technology officials as part of the study.

President Trump has signed a new executive order encouraging companies to “buy American” products as they receive contracts to work with the federal government on infrastructure projects. The White House said Thursday that the policy's goal is boosting the use of U.S.-made goods, products and materials. In particular, iron, steel, aluminum and cement, in federal contracts and financial assistance programs.

Sen. Claire McCaskill, D-Mo., recently criticized the President Donald Trump’s proposed fiscal 2019 budget for reducing the funding of several inspector general offices across the federal government. The ranking member of the Senate Homeland Security and Governmental Affairs Committee pointed out in an Aug. 15 report that the FY 2019 …

Federal agencies obligated $8.56 billion for competitively awarded contracts during fiscal 2017 through a program that is set aside for socially disadvantaged businesses, Bloomberg Government reported Monday. The figure reflects a 24 percent increase in competitive awards under the 8(a) program since fiscal 2011, according to the report. Contracts awarded …

A new report by the Brookings Institution says seven new cabinet agencies within the federal government have been created since 1960 such as the departments of Housing and Urban Development and Homeland Security in 1965 and 2002, respectively. The Environmental Protection Agency and DHS’ Federal Emergency Management Agency are among the …

A Government Accountability Office report obtained by Deltek predicts the ratio of U.S. public debt to gross domestic product to grow and exceed the historical high of 106 percent in 1946 within the next 15 to 25 years and continue to rise beyond that period. John Slye wrote in a blog …

A new Congressional Budget Office report shows that federal budget shortfall hit $159 billion after the first four months of fiscal 2017, approximately $1 billion lower than the figure recorded for the same period in fiscal 2016. CBO said Tuesday total amount of receipts associated with individual and corporate income taxes as well …

Keith Hall, director of the Congressional Budget Office, has said CBO predicts the U.S. budget deficit to grow over the next 10 years if current laws remain unchanged. Hall said in a statement published Tuesday that increasing interest payments on government’s debt, rise in healthcare program and retirement spending and growth in …

The Congressional Budget Office has issued a report to discuss the effects of federal investment on the federal budget and economy. CBO said in the report published Thursday that federal spending on research and development programs and physical capital as well as on education and training initiatives that are expected to …

A Congressional Budget Office report estimates annual costs linked to hurricane damage driven by climate change and development in coastal areas to climb from $28 billion under current conditions to approximately $39 billion by 2075. CBO said in the report published Thursday that annual federal spending on disaster relief and recovery missions …