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Tag Archives: Treasury Department

GAO: USAspending.gov Improved Data Quality

The Government Accountability Office found that USAspending.gov, a website service that tracks the federal government's expenses, has improved in data quality since a 2017 audit. The service has improved in ensuring the quality of spending data gathered from federal agencies under the Digital Accountability and Transparency or DATA Act, GAO said Friday.

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Treasury Dept Releases Strategy for Streamlining Cloud Acquisition

The Treasury Department has created an “acquisition roadmap” in an effort to standardize and streamline enterprise-wide procurement and deployment of cloud services. A FedBizOpps notice posted Sunday states that the roadmap builds on the department's cloud strategy and seeks to mitigate duplicative contract actions that result from the procurement of proprietary cloud services from varying providers.

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Treasury Dept Issues Sanctions to North Korean Cyber Actors

The Department of the Treasury has issued sanctions against North Korean cyber terrorists who have targeted critical infrastructure. These state-sponsored hacking groups, known as Lazarus Group, Andariel and Bluenoroff, have been working with the Reconnaissance General Bureau, a North Korean intelligence agency, the department said Friday.

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President Trump Signs Legislation Expanding IRS IT Modernization Authorities

President Trump has signed the Taxpayer First Act extending the Internal Revenue Service’s authority to directly hire cyber staff and offer a higher pay grade for such personnel through 2025, FCW reported Tuesday. The higher salary offer, which can reach up to $240,000, is intended to attract tech and cybersecurity talent, according to the Treasury Department’s inspector general.

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Treasury-OMB Report: Federal Budget Deficit at $779B in Fiscal 2018

Treasury Secretary Steven Mnuchin and Mick Mulvaney, director of the Office of Management and Budget, have issued a joint statement saying the federal budget deficit reached $779B in fiscal 2018, about $113B higher than the shortfall recorded in the previous fiscal year. The FY 2018 deficit was equivalent to 3.9 percent of the U.S. gross domestic product and $70B less than the projected shortfall in the Mid-Session Review for FY 2019, according to the statement published Monday.

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Treasury Dept Issues Interim Rules for Foreign Investment Review Pilot Program

The Treasury Department has released interim regulations for a pilot program to assess foreign acquisitions of critical U.S. technologies and intellectual property in compliance with the Foreign Investment Risk Review Modernization Act of 2018. “These temporary regulations address specific risks to U.S. critical technology while informing the development of final regulations that will fully implement FIRRMA,” Treasury Secretary Steven Mnuchin said in a statement published Wednesday.

 

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Treasury Invites Agency CFOs to Enact Proposed Financial Mgmt Initiatives

Bureau of the Fiscal Service Commissioner Kim McCoy has invited chief financial officers at federal agencies to try and put into action any of the 10 initiatives outlined in a publication describing the BFS' vision of the future of financial management.

The initiatives encompass four overarching objectives, namely: optimizing disbursements, improving collections, enhancing reporting and expanding administrative services.

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