Federal Budget

Latest Headlines

Latest Headlines

Coburn lays out wasteful spending in his fifth and final report

Oklahoma Sen. Tom Coburn released his own collection of what he calls wasteful spending in the government, ranging from never-used cars to party patrols provided by the Coast Guard. It will be his fifth and last, as the senator will be stepping down in January to focus on his fight with prostate cancer.

Fiscal 2014 deficit falls to lowest level since 2008

The federal government ended fiscal 2014 with a $483 billion budget deficit, the White House announced Wednesday. That's $197 billion less than fiscal 2013 and $165 billion less than what the White House predicted for fiscal 2014. The numbers, which were announced by Treasury Secretary Jack Lew and Office of Management and Budget Director Shaun Donovan, came in far lower than the trillion dollar deficits the administration announced during the financial crisis at the beginning of President Obama's second term.

Mayorkas: DHS in 'dire need' of cyber legislation

A Homeland Security Department official said the department is in "dire need" of legislation that would address cyber threat information sharing and help it build its cybersecurity workforce. "We are not without tools, but we do have a dire need for legislation to better equip us,"  said  Mayorkas, during an Oct. 1  Washington Post  event.

Customer churn a significant problem for USPS financial outlook

The postal service lost revenue in 2012 and 2013 due to reduced spending from commercial customers – a segment making up 71 percent of USPS's customer base. The magnitude of the problem has a "significant impact" on the postal service's revenue and financial outlook, says the office of inspector general.

New DHS HQ faces more problems if plans, cost estimates not updated, says GAO official

Already more than $1 billion over budget and a dozen years behind schedule, the Homeland Security Department's planned consolidated headquarters could face more such problems if current estimates and plans aren't revised, a Government Accountability Office investigator said.

House passes stop-gap spending measure

With time running out before the fiscal year ends, the House Wednesday night overwhelmingly approved a stop-gap measure to fund the government through Dec. 11 once the new fiscal years starts Oct. 1. Under the bill (H.J.Res.124), which passed by a vote of 319-108, the government would be funding at fiscal 2014 levels and doesn't address federal employee pay raises. That paves the way for President Obama's authorization of a 1 percent pay raise for feds.

House Republican leaders postpone vote on stopgap spending measure

The House won't vote Thursday on a stopgap spending measure to fund the government for fiscal 2015 through Dec. 11. The Associated Press reported Sept. 10 that House Republican leaders are postponing the vote so they can weigh President Barack Obama's request for the authority to train and equip Syrian rebels battling Islamic State militants.

House Appropriations proposes stopgap funding measure

The House Appropriations Committee proposed a stopgap spending measure Tuesday that would fund the government until Dec. 11. The continuing resolution would fund the government in the first few months of fiscal 2015 at an annual rate of $1.012 trillion. Most programs wouldn't see any change under the CR, House Appropriations Chairman Hal Rogers (R-Ky.) says in a Sept. 9 statement, which would kick in if Congress doesn't pass its appropriations bills by Oct. 1, the start of the new fiscal year.

Survey: Majority of government CIOs say they don't have sufficient IT resources

A recent survey found that 62 percent of government chief information officers said they don't have sufficient resources to do their jobs effectively.

NSF: Federal research funding at higher education schools expected to improve

Despite a decrease in federal funding for basic research at universities and colleges in fiscal 2011 and 2012, higher education institutions received more than half of the $31 billion in total federal obligations for basic research. However, a new National Sciences Foundation report also found that funding is expected to improve.