The Defense Contract Management Agency is in the process of hiring personnel for its network of “centers of excellence” that aim to give procurement and contracting officers guidance on what constitutes as a commercial
The House defeated a bill that would fund the government past Sept. 30 on Wednesday, raising fears of a possible government shutdown. The bill would have provided $1.043 trillion to fund the
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The Federal Reserve will move its balance sheet more heavily toward long-term holdings in an effort to keep long-term interest rates down and help the housing sector, it was announced Wednesday. The
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As the federal government tries to cut its deficit, a new report from the Justice Departmentâs watchdog found some old spending habits die hard. “We found the Department (of Justice) spent $16
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The Senate Homeland Security and Governmental Affairs Committee will meet Wednesday to consider a recent report on wasteful spending in contracts for the wars in Afghanistan in Iraq. In a 240-page report
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A spike in satellite costs during the previous decade was not caused by industry consolidation, according to a General Accountability Office report. Rather, costs went up because of other market factors such
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The White House has responded to critics of its open government initiatives by releasing a status report, claiming it has made progress in informing the public. In its 34-page report, the White
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Navy Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, has frequently called the national debt the biggest threat to U.S. security. At his last press briefing before retirement Tuesday, Mullen
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The White House deficit reduction plan would cap reimbursements for federal contractor executives and also would have federal civilian employees pay more towards their retirement plans. Currently, contractor executives are reimbursed for
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The White House’s deficit reduction proposal calls for increases in Tricare pharmacy co-pays for military beneficiaries and includes charging an enrollment fee for older retirees using Tricare for Life benefits. However, any changes
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A former Securities and Exchange Commission lawyer who handled Bernard Madoffâs legal matters for the agency should face a criminal investigation, the SECâs top watchdog said Tuesday. Recently, it was revealed David
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