Tag Archives: Treasury Department

Fiscal Service Bureau Launches Efforts to Digitally Transform Financial Processes

Fiscal Service Bureau

The Bureau of the Fiscal Service initiated a couple of new efforts to simplify how the U.S. federal government processes and manages financial activities. The Digital End-to-End Efficiency initiative aims to fully automate and digitally transform a business process instead of only automating certain, individual tasks, the bureau said Monday.

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Rep. Nancy Pelosi, Steven Mnuchin Agree on Continuing Resolution Ahead of FY 2021

US Capitol

Treasury Secretary Steven Mnuchin and Rep. Nancy Pelosi, D-Calif., have entered into an agreement to introduce a short-term spending bill to prevent a government shutdown at the start of fiscal year 2021. Mnuchin said that he and the House speaker agreed to work on a continuing resolution to extend the US government’s spending beyond Sept. 30.

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Federal Procurement Data System’s Reporting Functions Will Migrate to Beta SAM Website in March

The General Services Administration will move the Federal Procurement Data System’s main reporting functions – administrative, standard, ad hoc and static – to the System for Award Management’s beta website by March 16, Nextgov reported Wednesday.

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Treasury Department Studies Blockchain Use to Track Grants

The Department of Treasury is nearing completion of an effort to develop a blockchain-based credit system for recipients of federal grants, FCW reported Friday. Craig Fischer, innovation program manager at the treasury department, said the effort aims to tokenize federal letters of credit for the tracking of awarded grants and associated cashflow.

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