Tag Archives: federal spending

New Deltek Report Shows Increase in AI Spending & Implementation in Federal Agencies; Christine Fritsch Quoted

Federal Artificial

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.

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Isabel Guzman: Federal Govt Exceeds FY 2020 Small Biz Contracting Goal With $13B Increase

Isabel Guzman

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.

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President Biden Eyes $6T Budget Proposal to Bolster U.S. Economy, Livelihood

White House

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.

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Censeo Report: Executive Order on Minimum Wage Increase Could Impact Over 30K Contracts

White House

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.

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Report: GAO Helped Federal Agencies Generate $77.6B in FY 2020 Savings

Federal Financial

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. 

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President Trump Signs Policy to Boost Industry’s Use of US Products

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.

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