GAO: USPS Facing ‘Critical Shortage of Liquidity’
According to a new GAO report, the Postal Service now faces a “critical shortage of liquidity that threatens its financial solvency and ability to finance needed capital investment.”
GAO
GAO: DoD Needs to Remember the Human Aspect of Workforce Cuts
A recent GAO report highlights challenges the Department of Defense will face in any attempts to downsize its civilian workforce and urges agency decision makers to maintain the right number of civilian employees with the right skills.
GAO: Federal Pay Studies Vary Widely
According to a recent GAO report, several recent federal pay studies vary widely in their conclusions federal pay and benefits to the private sector.
Shooting the Messenger: Coburn Defends GAO
Senator Tom Coburn (R-OK) has released a new report criticizing proposed cuts to the Government Accountability Office.
Rep. Schweikert Introduces Legislation to Phase Out $1 Bill
Legislation has been introduced that claims it would reduce the deficit by billions by phasing out the $1 bill.
GAO: Ensuring Income Throughout Retirement Requires Difficult Choices
GAO was asked to review strategies that experts recommend retirees employ to ensure income throughout retirement, choices retirees have made for managing their pension and financial assets for generating income, and policy options available to ensure income throughout retirement and their advantages and disadvantages.
GAO: Postal Service Needs Strategy to Address Aging Delivery Fleet
According to the GAO, the Postal Service needs to address its aging vehicle fleet, but that doing so will be difficult because it is in a state of financial crisis, having lost $2.6 billion in the first 6 months of FY 2011.
GAO: DOD Is Terminating the National Security Personnel System, but Needs a Strategic Plan to Guide Its Design of a New System
During fiscal year 2010, DOD achieved its initial goal of transitioning approximately 75 percent of NSPS employees to the General Schedule system despite having to overcome some challenges. DOD plans to transition the remaining NSPS employees by the January 1, 2012, mandated deadline.
Five Day Mail Delivery? GAO Weighs In
The GAO has issued a report on the potential cost savings vs. risk factors for the USPS moving to a 5 day mail delivery schedule. According to GAO, the new schedule would likely result in substantial savings, however the extent of these savings depends on how effectively it is implemented.
Waste, Fraud, Abuse and Government Charge Cards
The recent publicity about charge card abuse by federal employees outlined in a GAO report has been reported in news media all over the country. The Office of Management and Budget has new guidance for federal agencies telling them steps they must take to get a handle on the problem.
