Tag Archives: government spending

GAO Releases Federal Financial Benefits Report

The Government Accountability Office (GAO) has released a report on the federal government's cost savings and found that the Department of Defense (DoD) could make significant savings by accurately measuring and mitigating unfinished military depot work.

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Study Predicts Gov’t Counterrorism Expenses to Add by Trillion

Neta Crawford, a professor from Boston University, said the federal government may add $1T to counterterrorism investments over the next decades, National Defense Magazine reported Tuesday. Her recent report, titled “United States Budgetary Costs and Obligations of Post-9/11 Wars through FY 2020: $6.4 Trillion" projects government spending to continue a pattern of increasing counterterrorism over time.

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Speaker Nancy Pelosi: House Should Pass Deal on Government Spending, Debt Limit Before Recess

House Speaker Nancy Pelosi (D-Calif.) said she hopes the lower chamber can pass a deal to raise the debt ceiling and set spending levels by July 26, CNBC reported Wednesday. Pelosi said she expects the White House and the chamber to agree on a measure by Friday, July 19 to allow lawmakers to work on the legislative text over the weekend.

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PSC’s Alan Chvotkin: Cybersecurity, IT Modernization to Drive Federal Acquisition

Alan Chvotkin, an executive vice president and counsel at the Professional Services Council, has said information technology modernization, cybersecurity and the cross-agency goals in the President’s Management Agenda will help drive federal acquisition in the coming year, Federal News Network reported Monday. “There is no doubt increased focus on IT. Cybersecurity is clearly a high risk and high spend area so we think there will be a lot of business opportunities,” Chvotkin said.
 

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The Hill: Trump Administration Targets $10T in Federal Spending Cuts

President-elect Donald Trump’s transition team is planning for a $10.5 trillion cut in federal government budget over 10 years in a bid to reduce federal bureaucracy, The Hill newspaper reported Thursday. Alexander Bolton writes that transition officials Russ Vought and John Gray met with White House career staff to discuss the incoming administration’s plans …

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CBO: US Posts $109B Budget Surplus in April

A Congressional Budget Office report says the U.S. posted a budget surplus of $109 billion for the month of April 2016, about $47 billion less than the amount of surplus recorded in the same month last year. CBO said Friday the government’s total receipts fell 7 percent to $440 billion during April while …

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