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OMB throws down review power over federal IT

Agencies shouldn't initiate new development spending on federal financial management systems worth more than $20 million until the Office of Management and Budget has reviewed spending plans, states... Read more...

Treasury CIO: Fewer data centers mean smaller budgets

A federal directive to cut data center costs will likely result in a culling of the contractor workforce, said Michael Duffy, Treasury Department chief information officer and co-chair of White... Read more...

Three Treasury websites close due to malicious code

Malicious code was discovered on three Treasury Department websites on May 3 and by the next morning the infected sites had been closed, allegedly for cleaning, according to Roger Thompson, chief... Read more...

Forman and Steinhoff: Cloud computing shows the way

Changing federal financial management systems away from strict accounting tools to dynamic repositories of spending data will require cloud computing, say two former government officials. In the... Read more...

Q&A: Mark Forman and Jeff Steinhoff on the future of federal financial management

Federal financial management is poised to undergo a new wave of transformation, say former information technology and financial management federal officials. With the closing of the Financial Systems... Read more...

A database to track TARP money

Congress is working on legislation to create a database for the Treasury Department to monitor and oversee how money is being spent in the Troubled Asset Relief Program (TARP). The idea is to... Read more...

Federal IT spending slows down

Don't spend your federal IT dollars like you've got all the money in the world. You don't, and federal IT budgets are predicted to grow more slowly over the next several years, according to a new... Read more...

Feds need better IT to oversee financial reforms

If Congress approves legislation to overhaul the financial regulatory system and tighten oversight, it may also beef up the information technology services needed to do the job. A House Financial... Read more...

Federal agencies fall short on email security

A group of security companies report that most federal agencies are ignoring security precautions aimed at not only stopping emails from being infected with a virus or being hacked, but also at... Read more...

Treasury works on tracking bank rescue money

The Treasury Department intends to use technology to keep track of how banks and financial institutions use funds from the government's financial rescue program. There have been plenty of disclosures... Read more...