“It’s déjà vu all over again.” As this week marks the passing of baseball hall of famer Yogi Berra, his insightful malapropism seems quite appropriate as the U.S. federal government is on the precipice of falling headlong into a second government shutdown within two years. How does the shutdown impact how agencies manage their budgets and operations? What effect does shuttering government operations have on federal employees, grantees, and contractors?
"FASAB’s mission is to promulgate federal accounting standards after considering
the financial and budgetary information needs of citizens, oversight groups,
executive agencies, and other users of financial statements.”
"Fannie and Freddie are the backbone of the mortgage market in this country. Unfortunately, when they were created, the law allowed them to have very thin capitalization. They could be leveraged up to 100 to 1, if you will—unbelievable leverage.”
As the administration and Congress take actions to address the immediate financial crisis, determining how to place the government's response on a stronger organizational footing is a key step to reducing the likelihood that the nation will experience...
"Presidential Executive Order 13450, Improving Government Program Performance is basically codifying the importance of performance, evaluating performance, demonstrating performance, and using it as part of your planning process."