Tag Archives: federal spending

Christine Fritsch, a principal research analyst on Deltek’s federal market analysis team, recently published an article providing insights from the company’s Federal Artificial Intelligence Landscape 2022 report, which examined current and future federal AI influences and priorities. Deltek’s report predicts the continued expansion of AI in federal agencies based on a variety of budgetary, policy, acquisition and workforce factors.

Fiscal year 2020 saw $145.7 billion in federal contracts awarded to small businesses, representing 26.01 percent of prime contracting dollars and a $13 billion increase from the previous year's record, according to a Small Business Administration (SBA) report. Eight federal agencies achieved an “A+” for small business contracting efforts during FY 2020.

President Biden plans to present a $6 trillion investment in transportation, infrastructure, education, environmental efforts and other factors relevant to the U.S. economy. The investment would also include boosted spending in the areas of social welfare and national security. New York Times reported Biden's plan might require borrowed funds in addition to boosted tax revenue.

An analysis from Censeo Consulting Group says an increase in the minimum wage for federal contract workers as directed by an executive order that will likely result in agencies reviewing and modifying 30,520 contracts. The departments of Defense (DOD), Veterans Affairs (VA), Agriculture (USDA) and State are among the agencies that will be the most impacted by the executive order.

The Government Accountability Office (GAO) has issued a report saying it helped the federal government saved $77.6 billion in spending in fiscal year 2020. The figure represents a return of $114 for every dollar Congress invested in GAO. GAO said it has helped agencies make 1,132 improvements in government operations. 

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 …