2023 Winning Essay – Influential Leaders in Financial Management

Over the past 75 years, the financial management career field has benefitted from some exceptional leaders. In your experience, who has been the most influential leader in your financial management career? Please describe the characteristics that make/made them good leaders and how those characteristics impacted your career. Introduction I started my financial management career at [...]

By |2023-09-18T12:04:51-04:00September 13th, 2023|News, Viewpoint|0 Comments

The Budget and Economic Outlook: 2017 to 2027

The Congressional Budget Office’s (CBO) has projected the budget deficit for 2017 to be similar to 2016. CBO’s baseline estimate of the 2017 deficit is $559 billion, or 2.9 percent of gross domestic product—less than the $587 billion deficit posted in 2016. Both totals, however, are affected by shifts in the timing of some payments. [...]

By |2019-05-06T16:26:36-04:00February 2nd, 2017|Defense Financial Highlights, News, Viewpoint|0 Comments

GSA lowers federal mileage reimbursable rates for 2017

The General Services Administration (GSA) announced that mileage reimbursement rate for federal employees using privately –owned vehicles during official travel will decrease slightly to 53.5 cents from the current level of 54 cents.  The new rate will go into effect on January 1, 2017.  Mileage reimbursable rates also decreased for official airplane travel (to $1.15 from [...]

By |2019-05-06T16:26:37-04:00December 31st, 2016|Defense Financial Highlights, News, Viewpoint|1 Comment

President authorizes a 2.1 percent pay raise for federal civilian employees

Federal civilian employees will get a pay raise equal to that approved for military personnel. After the House and Senate agreed on a 2.1 percent military pay raise in the FY2017 Defense Authorization bill, the president was urged by some in Congress and federal labor groups to provide the same raise for federal civilian employees. [...]

By |2019-05-06T16:26:37-04:00December 13th, 2016|Defense Financial Highlights, News, Viewpoint|0 Comments

Congress extends the FY2017 CR until April 28, 2017

Final action on the 11 remaining FY2017 appropriations bills must wait until the new Congress and the new administration take office in January. With the Dec 9 expiration date for the current continuing resolution (CR) looming, the House voted (326-96) and the Senate went along (63-36) to approve an extension of the CR (H.R. 2028) [...]

Congress approves compromise FY2017 Defense Authorization bill

The Senate passed the final FY2017 Defense Authorization bill yesterday with broad bipartisan support, 92-7.  The bill, which had been worked out by House and Senate committee negotiators, overwhelmingly passed the House (375-34) last week. The bill authorizes force levels, programs, and policies (including military pay raises) for Department of Defense (DoD) budgets and the [...]

OMB issues revised guidance on conference participation

The Office of Management and Budget (OMB) has revised its guidance on policies and practices regarding U.S government employees and agencies participating in conferences. In a memo to federal department and agency heads, OMB Director Shaun Donovan amended the guidance OMB issued in 2012 (OMB Memorandum M-12-12) that reduced travel spending and instituted tough management [...]

Carter urges Congress to avoid long-term CR for FY2017

With Congress appearing ready to consider a long-term continuing resolution (CR) well into next year (possibly until May 2017), Secretary of Defense Ash Carter warned of the detrimental effects on U.S. national security of such action. In a letter to congressional leaders, Carter called the prospect of operating under a CR for nearly two-thirds of [...]

OMB/OPM guidance increases amounts available for federal employee bonuses in FY2017

Funding available for awards for federal non-Senior Executive Service (SES) employees is set to increase for FY2017. Guidance issued to agency heads in a joint memorandum from the Office of Management and Budget (OMB) and the Office of Personnel Management (OPM) increased the amounts agencies can use to pay non-SES/Senior Level (SL)/Senior Professional and Scientific [...]

By |2019-05-06T16:26:38-04:00November 29th, 2016|Defense Financial Highlights, News, Viewpoint|0 Comments
Go to Top