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The IRS is facing substantial cuts to funds meant to rebuild its workforce and modernize its legacy IT systems over the next decade, as part of a deal to raise the debt ceiling and avoid a first-ever government default.
The debt ceiling deal has come with just days to spare before a potential first-ever government default. On Sunday, President Joe Biden and House Speaker Kevin McCarthy reached a final agreement and they are urging Congress to quickly pass it. Biden pronounced the development “good news” in remarks at the White House announcing the agreement. This followed a tentative compromise announced late Saturday. The deal risks angering some Democratic and Republican lawmakers as they begin to unpack the concessions, which include spending cuts. McCarthy and Biden spoke Sunday evening as negotiators drafted legislative text. They face a June 5 deadline when Treasury says the U.S. would risk a debt default.
A federal judge in Massachusetts will hear oral arguments next Wednesday in a lawsuit that argues both that federal employees must be paid even if Congress doesn’t increase the debt ceiling, and that the ceiling itself is unconstitutional.
In today's Federal Newscast: Investors worry about TSP's future, if the government defaults on it debt obligations. Marines are spending more time in basic training. And the Thrift Savings Plan makes room for the new Office of Participant Experience.
That smooshy sound you hear is everyone squirming in their seats as the national-debt default looms closer. The weird thing is, the government is fully appropriated for the rest of fiscal 2023, with four months of high spending yet to go.
Lauren Knausenberger, the outgoing chief information officer of the Air Force, said if requested funding for fiscal 2024 comes through as hoped for, several transformation initiatives will get a much needed boost.
More government will lead to taxpayer dollars stolen through fraud. However, it also means more money is needed to combat that fraud.
The House is in recess this week, but the Senate will hear more budget testimony and deal with judicial nominees. Federal Drive with Tom Temin got the outlook from Bloomberg Government Deputy News Director Loren Duggan.
Inspectors General from science-based agencies told House lawmakers they are fighting an uphill battle against fraud in grant and other programs as funding flows from recent laws Congress passed.
Clare Martorana, the federal chief information officer chairwoman of the Technology Modernization Fund Board, and Raylene Yung, the executive director of the Technology Modernization Fund, say they are giving lawmakers more details and briefings about the progress and impact of the investments.
A new model aims to allocate DoD's limited facility sustainment dollars toward buildings where the funding can do the most good. But the funding model itself is subject to budget challenges, and might not be ready until 2026.
The Administrative Office of the U.S. Courts keeps the busy system of court dockets running. It has information technology underpinning this work.
Last year's Chips Act was enacted to help the U.S. semiconductor industry. The law gave jobs to lots of federal agencies. Even the State Department.
Perspectives are mixed on whether the Postal Service Reform Act has put USPS on a path to leave its long-term financial woes in the past.