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Agencies on track to cut or avoid $50 billion in improper payments Feb 07, 2012 Agencies are on track to meet a 2010 Obama administration target of cutting or avoiding $50 billion in improper payments by the end of September, a senior Office of Management and Budget official told a House panel Tuesday. Post a Comment Recommend HHS financial management practices ‘unacceptable,' lawmakers say Two lawmakers have asked the Health and Human Services Department to explain financial management problems flagged in a recent audit, including violations of the Anti-Deficiency Act, which bars agencies from obligating funds without a congressional authorization or appropriation. (3) No big cuts anticipated for Pentagon's IT budget, deputy CIO says The Defense Department is not anticipating major cuts to its $38.5 billion information technology budget next fiscal year, a department official said. Pentagon on track to meet 2017 deadline for full audit, experts say Experts said the Defense Department will be ready for a full financial audit by a 2017 deadline, but only if it can get the sustained leadership the initiative needs. (2) Details coming soon on TSP's planned Roth fund The board governing the Thrift Savings Plan expects to unveil regulations governing a new Roth option sometime next week. (2)		Federal Times Video Most Popular Federal Stories Today Past Week Past Month OPM speeds up retirement claims processing, but backlog grows (1159) Bill would prohibit step increases for rest of year (928) House passes bill proposing BRAC-like process for excess federal property (504) Agencies on track to cut or avoid $50 billion in improper payments (502) Trump will develop Old Post Office into luxury hotel (418) Bill would prohibit step increases for rest of year (17475) Senators propose civilian pay freeze through 2014 (14442) CBO: Feds out-earn civilians; report fuels push for extended pay freeze (5748) When can agencies monitor your email? FDA case sparks debate over policy (5390) Pentagon plans for five years of reduced raises for civilian employees (5356) Proposed pay raise draws ire from all sides (34004) Pentagon plans for five years of reduced raises for civilian employees (30982) Panel chair introduces bill to reduce pensions (25607) Bill would prohibit step increases for rest of year (17477) Details coming soon on TSP's planned Roth fund (17407) Tell Us About Labor-management partnerships What changes, good or bad, do you foresee from President Barack Obama’s executive order to re-establish labor-management partnerships? Send your comments to Staff Writer Stephen Losey.
	Financial Management News Agencies on track to cut or avoid $50 billion in improper payments Agencies are on track to meet a 2010 Obama administration target of cutting or avoiding $50 billion in improper payments by the end of September, a senior Office of Management and Budget official told a House panel Tuesday. HHS financial management practices ‘unacceptable,' lawmakers say Two lawmakers have asked the Health and Human Services Department to explain financial management problems flagged in a recent audit, including violations of the Anti-Deficiency Act, which bars agencies from obligating funds without a congressional authorization or appropriation. (3) No big cuts anticipated for Pentagon's IT budget, deputy CIO says The Defense Department is not anticipating major cuts to its $38.5 billion information technology budget next fiscal year, a department official said. Pentagon on track to meet 2017 deadline for full audit, experts say Experts said the Defense Department will be ready for a full financial audit by a 2017 deadline, but only if it can get the sustained leadership the initiative needs. (2) Details coming soon on TSP's planned Roth fund The board governing the Thrift Savings Plan expects to unveil regulations governing a new Roth option sometime next week. (2) More Headlines Search the Financial Management Archives for more News