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From Congressional Budget Office: Options for Reducing the Deficit: 2017 to 2026

Friday, February 17th, 2017

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CBO periodically issues a volume of options—this year’s (2016) installment presents 115—that would decrease federal spending or increase federal revenues over the next decade.

The Congress faces an array of policy choices as it confronts the challenges posed by the amount of federal debt held by the public—which has more than doubled relative to the size of the economy since 2007—and the prospect of continued growth in that debt over the coming decades if the large annual budget deficits projected under current law come to pass. To help inform lawmakers, CBO periodically issues a compendium of policy options that would help to reduce the deficit. This edition reports the estimated budgetary effects of various options and highlights some of the advantages and disadvantages of those options.

Read more about the summary  |  View the full report (PDF)  |  Budget Options

Trends in Spending by the Department of Defense for Operation and Maintenance – January 2017

Friday, February 17th, 2017

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The Department of Defense’s (DoD’s) budget consists of appropriations for the following purposes: compensating military personnel; developing and purchasing weapons; building bases, facilities, and housing; and supporting day-to-day operations. The largest single appropriation category in DoD’s base budget is the operation and maintenance (O&M) account, which funds day-to-day operations ranging from health care to equipment maintenance.

You can find the full PDF here
 

The Auditor General of the Army

Friday, February 17th, 2017

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Mr. Randall L. Exley, retired as the Auditor General of the Army and Ms. Anne L. Richards is welcomed new Auditor General of the Army. 

On 31 December 2016, The Auditor General of the Army, Randall L. Exley, retired after 45 1/2 years of Federal service. On 15 December 2016 he was honored with a retirement ceremony at Fort Belvoir, VA, hosted by the Honorable Patrick J. Murphy, Under Secretary of the Army.

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On 9 January 2017, Ms. Anne L. Richards was sworn in as The Auditor General of the U.S. Army at the U.S. Army Audit Agency's Operations Center on Fort Belvoir, Virginia. Prior to assuming the duties of The Auditor General, Ms. Richards was the Assistant Inspector General for Inspections and Evaluations with the U.S. Department of Homeland Security's Office of the Inspector General. Read the full article
 

Significant Efforts Still Needed for Remediating Audit Readiness Deficiencies

Friday, February 17th, 2017

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The Schedules of Budgetary Activity (Budgetary Schedules) for the Army, Navy, and Air Force for fiscal year 2015 reflected current year budget activity as an interim step toward producing an auditable Statement of Budgetary Resources that will reflect multiyear budget activity. All three of the independent public accountants (IPA) contracted to audit these fiscal year 2015 Budgetary Schedules issued disclaimers, meaning that the IPAs were unable to express an opinion because of a lack of sufficient evidence to support the amounts presented.
Read the full report.

John P. Roth, Under Secretary of Defense (Comptroller) and Chief Financial Officer

Friday, February 3rd, 2017

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Mr. Roth is performing the duties of the Undersecretary of Defense (Comptroller) and Chief Financial Officer. He serves as the principal advisor to the Secretary of Defense on all budgetary and financial management matters.

To read John P. Roth’s full bio, visit: http://comptroller.defense.gov/About-OUSD-C/OUSD-C-Top-Leaders/

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