The Budget and Economic Outlook: 2017 to 2027

Thursday, February 2nd, 2017


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. Outlays in 2016—and thus the deficit—were boosted by $41 billion because certain payments that were to be made on October 1, 2016 (the first day of fiscal year 2017), were instead made in fiscal year 2016 because October 1 fell on a weekend.

For the full report and to download the PDF, visit

Presidential Executive Order on Reducing Regulation and Controlling Regulatory Costs

Monday, January 30th, 2017


30 January 2017

On 30 January 2017, President Trump issued an executive order regarding the policy of the executive branch to be prudent and financially responsible in the expenditure of funds, from both public and private sources. The Executive Order also addressed the regulatory cap for FY2017 and the annual regulatory cost submission to OMB.

Read the complete Executive Order

2 February 2017

Memorandum: Interim Guidance Implementing Section 2 of the Executive Order of January 30, 2017, Titled “Reducing Regulation and Controlling Regulatory Costs”

Memorandum for: Regulatory Policy Officers at Executive Departments and Agencies and Manning And Executive Directors of Certain Agencies and Commissions.

FROM: Dominic J. Mancini, Acting Administrator
Office of Information and Regulatory Affairs

Read the memorandum posted 2 February 2017, on the White House's Briefing Room

Happenings from ASMC HQ: January 2017

Friday, January 27th, 2017



Given certain situations regarding cyber security protocols, emails from ASMC HQ or your local chapter may not always make it through servers and reach your work inbox. We want you to receive important notifications, including time sensitive material, regarding your membership status, regional/local and national PDI registration information, CDFM news and updates, accruing CPEs and other educational opportunities, notification of a new Armed Forces Comptroller magazine, and more.

Also, DoD does not allow HTML hyperlinks to get through, which means copying and pasting web address URLs, rather than being able to quickly click on a hyperlink. To better ensure you receive important communications from ASMC, if you’ve not already done so, please take a moment to access your ASMC member profile and update your email address to reflect your personal (gmail, yahoo, aol, etc) email address. This will help avoid lapses in ASMC communications that might affect your professional development schedule and decisions.
Update your email address by logging onto your ASMC Member Profile

We also ask chapter presidents and membership chairs to emphasize this during chapter meetings or professional development sessions.



The ASMC National Executive Committee (ASMC Board) recently approved a recommendation to revise Lifetime (Non-Dues Paying) Membership criteria. Previously, based upon policy set long ago, the criteria for Lifetime (Non-dues Paying) Members required members to have joined ASMC before 1 October 1978 and attain 20 consecutive years of membership by 1 October 1998. Thus the number and names of Lifetime (Non-dues Paying) members was fixed and limited to only those achieving 20 years of consecutive membership by 1 October 1998. Individuals achieving 20 years consecutive years of membership after 1 Oct 1998 were designated as Life members, but were required to continue to pay dues. Last month, the ASMC Board approved a revision of the policy establishing criteria and qualifications for Lifetime (Non-dues Paying) Membership, such that any member achieving 30 (thirty) consecutive years of membership in ASMC qualifies for Lifetime (Non-dues Paying) Membership designation, without any other stipulations. Members achieving 20 years consecutive membership will continue to be recognized for their loyal and dedicated support of ASMC and as they reach 30 years of membership, they will be designated as Lifetime (Non-dues Paying) members. For more information, please visit



ASMC annually recognizes the outstanding accomplishments of its chapters, members, and the defense financial management community through its awards program. This program encompasses individual and team achievement awards, scholarships, educational grants, an essay contest, chapter recognition, and a variety of other individual based awards. To read the Awards Program rules and submit a nomination, visit: Awards information appears in order of their submission due dates.

NOTE: The deadline for submission of ASMC Achievement Award nominations is January 31, 2017, which is fast approaching. There is no requirement for individual or team Achievement Award nominations to go through chapter presidents for endorsement.



Are you a young professional under 35 or do you consider yourself early in your career? Consider joining or creating an Early Careerist group in your chapter. The Early Careerists group offers opportunities to network with other early careerists and Senior DoD Leaders; to participate in various chapter events; i.e., community service, mentoring, happy hour, and educational conferences; and to learn about upcoming CPE opportunities.

Join the Early Careerists on their Facebook page to learn about joining or creating the Early Careerists group in your local chapter.



ASMC and Grant Thornton Public Sector recently released the report of the ASMC Survey of Defense Financial Managers, entitled “Preparing for the Future: Lessons Learned from 10 Years of ASMC Surveys.” The annual survey outlines the top concerns of the defense financial management community, as well as recommendations for incoming financial management leadership under the new administration. To read the press release and access the survey results, please visit



Did you know? — CDFM Exam Facts

  • CDFM exam modules can be taken in any order
  • A “passed” CDFM exam is good for four years from the date it was taken
  • For each exam, there is a two-week waiting period for first retakes and a four-week waiting period for any additional retakes of that exam

To discover more, please visit

Need to enroll or extend your enrollment in the CDFM Program?
Initial enrollment (2 years):
     Non-members: $75  |  Members: $40
Enrollment Extension (2 years):
     Non-members: $85  |  Members: $75

To enroll for the first time or extend your enrollment, please visit
When does my CDFM Program enrollment end?

Your enrollment expiration date is available to you 24/7! Simply login to your account and click on Update Profile to view your “Enrollment Expires” date. To login to your account, please visit


ASMC National PDI 2017 is May 31 – June 2, 2017 in San Diego! We expect to have registration available NLT end of February for general registration and a couple of weeks later to register for specific workshops. The PDI 2017 theme is “Catching the Wave … Audit Ready.” Michael Durant, the pilot of Blackhawk Super 64 that was downed during the Battle of Mogadishu in Somalia, will be one of our General Session speakers. He will speak about mission, leadership, and unity in dealing with challenging situations.

Virtual PDI (V-PDI) can help you acquire CPEs toward your CDFM and CDFM-A recertification.

V-PDI 2016 Chapter Access allows chapters to present online recordings of PDI courses to their members for CPE credit.


Any questions? Contact Brian Gresham, our Associate Director for Communications and Public Affairs at

Presidential Memorandum Regarding the Hiring Freeze

Sunday, January 22nd, 2017


22 January 2017

On 22 January 2017, President Trump issued a memorandum establishing a federal hiring freeze. As part of the freeze, no vacant positions existing will be filled, and no new positions may be created, except in limited circumstances. This order does not include or apply to military personnel.

Read the full Memorandum for the Heads of Executive Departments.

31 January 2017

Memorandum: Federal Civilian Hiring Freeze Guidance

From: Mark Sandy
Acting Director, Office of Management and Budget 

Kathleen McGettigan
Acting Director, Offie of Personnel Management

Read the memorandum posted 31 January 2017, on the White House's Briefing Room.

Appropriations Watch: FY 2017

Friday, January 6th, 2017


The government is being funded by a continuing resolution, which was passed in December 2016, and goes through April 28, 2017. The Senate voted to proceed to debate on a fiscal year (FY) 2017 budget resolution on 4 January 2017. To read the full article and the latest updates please visit the Committee for a Responsible Federal Budget’s blog posting here.

Read the Senate’s budget resolution for FY 2017.

Nonprofit Website Design Custom Web Design