Tag Archives: Treasury

House Lawmaker Expects Quicker Federal Building Auction

Rep. Jason Chaffetz (R-Utah) expects a pilot program to speed up the sale of around 14,000 unused federal buildings, the Washington Post reports. The Office of Management and Budget and the General Services Administration will keep a rolling list of 15 federal properties to be auctioned off, the Post reported. …

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GAO Criticizes Postal Service Benefits System

The Government Accountability Office released a report Thursday laying out broad plans for fixing the finances of the Postal Service. The agency is projecting a 25 percent decrease in mail by the year 2020. The GAO was pointedly critical of the Postal Service’s payment system for retirees health benefits, a …

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Bernanke Tells Congress: Fed Ready to Do More for Economy

The Federal Reserve System stands ready to take further steps to help aid a fragile U.S. economy, Fed Chairman Ben Bernanke told lawmakers Tuesday. Bernanke made the remarks before the Joint Economic Committee of Congress, presenting the Fed’s semiannual report on monetary policy. The U.S. economy grew 1.3 percent in …

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Congress Looking to Save Postal Service as Payments Come Due

Congress passed a continuing resolution Monday that extended a deadline to Nov. 18 for the Postal Service to pay $5.5 billion to the Treasury Department. The resolution comes as the cash-stricken agency’s debts threaten its operations. It is expected to announce record losses when its fiscal year ends Friday and expects …

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Robyn East

Robyn East joined the Treasury Department in March to serve as deputy assistant secretary for information systems and chief information officer. East is the Treasury’s principal advisor on IT issues and is responsible for acquiring and managing information resources. She provides broad leadership in planning, implementing and managing the Treasury’s …

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IRS E-Help Desk Not Always Protecting Taxpayer Privacy, IG Finds

Assistors at the Internal Revenue Service’s e-help desk are not always taking the required steps to protect the confidentiality of taxpayer information, a Treasury Department audit found. In a report dated July 28 and posted Monday, the Treasury Inspector General for Tax Administration found managers do not always hold employees …

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IRS New Credit Card Rules Problematic, Report Says

The Internal Revenue Service’s plans to implement new rules for reporting credit card transactions could create burdens for taxpayers and problems for the IRS, a Treasury Department audit says. The Treasury Inspector General for Tax Administration conducted the report, issued July 26 and released Thursday. Under the 2008 Housing and …

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