The Office of Management and Budget is a cabinet-rank office within the Executive Office of the President.  The OMB was organized by the Nixon administration from the previous Bureau of the Budget. Its main function is to assist the president in overseeing the formation of the budget and its implementation in government agencies. 
The management component of OMB oversees personnel, information technology, financial transactions and federal procurement policy-related actions. One of the offices within this side of the OMB is the Office of E-Government and Information Technology, which is headed by the appointed federal government's chief information officer. Click here for a complete organizational chart. Agency officials often elaborate on official memoranda and executive orders with posts to the OMB blog.

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Latest Headlines

Latest Headlines

Federal agencies have restrained conference spending, agency officials say

Agencies restrained spending on conferences and are using alternatives such as video conferencing to reduce costs, agency managers told the Senate Homeland Security and Governmental Affairs Committee.

OFPP updates guidelines for using value engineering

The Office of Federal Procurement Policy has updated guidance for the use of "value engineering," a way contractors can present agencies with cheaper production in return for monetary incentives.

Spotlight: Feds reduce improper payment rate in fiscal 2013

Federal improper payments declined to about 3.5 percent of all payments made by the government in fiscal 2013, a Dec. 20 Office of Management and Budget blog post says. In fiscal 2012 the rate was about 3.75 percent, OMB says and back in fiscal 2009 the rate came in at 5.4 percent.

OMB streamlines grants management and oversight

The Office of Management and Budget issued Dec. 26 final guidance meant  to streamline management and oversight of federal grants. 

Thousands of reverse auctions had just one bid or bidder

Four agencies paid millions of dollars in fees in fiscal 2012 to hold reverse auctions that saw just a single bid or included only one bidder. The Government Accountability Office reviewed the experiences of the departments of Homeland Security, the Interior, Veterans Affairs and the Army, which held a total of 19,688 reverse auctions in fiscal 2012.

New GSA sourcing plan to include businesses without Multiple Award Schedule

The General Services Administration plans to reduce costs of agency office supply purchasing by including businesses that don't have a GSA Multiple Award Schedule, among other changes to its current strategic sourcing plan, a Dec. 2 GSA statement says.

GAO casts doubt on reported real estate savings

Federal agencies reported $3.8 billion in cost savings related to real property in recent years, but their decisions about what counted as savings were inconsistent and sometimes dubious, the Government Accountability Office says.

Agency managers: Cutting fiscal 2015 budget submissions will be a struggle

Federal agency budget officials say they would be a struggle to meet the Office of Management and Budget's guidance to propose a 10 percent from their fiscal 2015 budget submission, finds a Nov. 20 survey from the American Association for Budget and Program Analysis and Grant Thornton.

DATA Act passes in the House

The House passed Nov. 19 the DATA Act (H.R. 2061), which requires federal agencies and departments to release more complete and higher-quality spending data. The bill also shifts oversight of federal spending transparency dashboard USASpending.gov from the Office of Management and Budget to the Treasury Department.

OMB pushes continuous monitoring in cybersecurity memo

Agency cybersecurity practices should move beyond the three year cycle of system authorizations into a state of continuous monitoring of security control implementation by the end of fiscal 2017, says a Nov. 18 memo from the Office of Management and Budget.