Tag:

fiscal 2013

Latest Headlines

Latest Headlines

USPS lost $5 billion in fiscal 2013

The Postal Service ended fiscal 2013 with a loss of $5 billion, down from a $16 billion loss in fiscal 2012, say USPS financials released Nov. 15. Still, that marks seven consecutive years that USPS incurred a loss, a Postal Service release on its financial statement (.pdf) says. The Post Office has lost money for seven consecutive years, the Postal Service acknowledges in a  release  on its financial  statement  (.pdf).

USPS lost $5 billion in fiscal 2013

The Postal Service ended fiscal 2013 with a loss of $5 billion, down from a $16 billion loss in fiscal 2012, say USPS financials released Nov. 15. Still, that marks seven consecutive years that USPS incurred a loss, a Postal Service release on its financial statement (.pdf) says. The Post Office has lost money for seven consecutive years, the Postal Service acknowledges in a  release  on its financial  statement  (.pdf).

Impacts of sequestration not easily traced

It can be difficult to connect sequestration to specific impacts at the Defense Department with so many other variables at play, the Government Accountability Office says. For the first half of fiscal 2013, before sequestration went into effect, DoD was operating under a continuing resolution, which already affected its budget authority and flexibility, the GAO notes in a Nov. 7 report.

Impacts of sequestration not easily traced

It can be difficult to connect sequestration to specific impacts at the Defense Department with so many other variables at play, the Government Accountability Office says. For the first half of fiscal 2013, before sequestration went into effect, DoD was operating under a continuing resolution, which already affected its budget authority and flexibility, the GAO notes in a Nov. 7 report.

Sequestration cut $4 billion from intelligence budget in fiscal 2013

Sequestration cut an already-declining intelligence community budget by more than $4 billion in fiscal 2013, recently released statistics from the Defense Department and the National Intelligence Director show.

Sequestration cut $4 billion from intelligence budget in fiscal 2013

Sequestration cut an already-declining intelligence community budget by more than $4 billion in fiscal 2013, recently released statistics from the Defense Department and the National Intelligence Director show.

OPM sets caps for fed bonuses

The Office of Management and Budget and the Office of Personnel Management issued joint guidance that establishes spending caps on federal employee bonuses, but doesn't ban them, regardless of whether sequestration continues. The guidance (.pdf) caps employee bonuses at no more than one percent of aggregate salary. Senior Executive Service member bonuses are capped at no more than five percent of aggregate salary. Budgetary limitations do not apply to political appointees. The OPM guidance from August 2010 cancelling all discretionary bonuses for political appointees continues to be in effect.

OPM sets caps for fed bonuses

The Office of Management and Budget and the Office of Personnel Management issued joint guidance that establishes spending caps on federal employee bonuses, but doesn't ban them, regardless of whether sequestration continues. The guidance (.pdf) caps employee bonuses at no more than one percent of aggregate salary. Senior Executive Service member bonuses are capped at no more than five percent of aggregate salary. Budgetary limitations do not apply to political appointees. The OPM guidance from August 2010 cancelling all discretionary bonuses for political appointees continues to be in effect.

Spotlight: GSA won't pay new utility bills during shutdown

Until it receives appropriations for fiscal 2014, the General Services Administration won't pay any utility bills whose meter-read end date falls on Oct. 1 or later.

Spotlight: GSA won't pay new utility bills during shutdown

Until it receives appropriations for fiscal 2014, the General Services Administration won't pay any utility bills whose meter-read end date falls on Oct. 1 or later.