The government has avoided $47 billion in improper payments over the past three years, dropping its error rate in payments to contractors and to those using government programs to 4.3 percent from a high of 5.4 percent in fiscal 2009, says the White House.When including the Defense Department's commercial payments, the total savings would reach $70 billion and the government-wide error rate would be just 3.7 percent.
A new survey suggests federal chief financial officers are doing a good job of capturing performance information, as required by the Government Performance and Results Act Modernization Act of 2010, but aren't integrating it with financial information to produce actionable information for decision makers.
Past Government Accountability Office reports recommended various agencies find savings through consolidation, but consolidation "involves weighing costs as well as benefits and can be complex and challenging to implement," says a new GAO report.
Federal agencies are not maximizing the use of interagency vehicles and agency-specific contracts. As a result, contracts are more expensive and administrative costs increase, according to a Sept. 29
Federal agencies must cut contractor spending in 15 categories by 15 percent, or $5.97 billion, by the end of next fiscal year, the White House announced July 7, saying the order is part of its "...
Vice President Joe Biden will head an effort called the Campaign to Cut Waste in order to get "rid of the pointless waste and stupid spending that doesn't benefit anybody," announced President Barack