Browsing: Treasury

Agencies subpoenaed to testify on small business leadership


House Small Business Committee Chairman Sam Graves today issued subpoenas to four federal agencies seeking answers for why they refuse to put senior leadership in charge of small business contracting activities, a committee spokesman said. The Treasury, State, Justice and Agriculture departments have said they believe they are in compliance with the spirit of  a law that requires agencies to put their Office of Small and Disadvantaged Business Utilization in direct contact with the agency’s secretary or deputy secretary. Each agency is required to have an Office of Small and Disadvantaged Business Utilization (OSDBU) under the Small Business Act to ensure contracts…

Indian activist challenged the government–and is lauded for it


It’s not every day that national leaders pay tribute to someone who spearheaded a cause that will cost the government several billion dollars. That distinction goes, however, to the late Elouise Cobell, the lead plaintiff in a lawsuit against the Interior and Treasury departments that prompted a $3.4 billion settlement to make up for their mismanagement of an Indian trust fund. Cobell, a member of the Blackfeet tribe from Montana, died late Sunday from cancer. In a statement today, President Obama said he and First Lady Michelle Obama were “saddened” to learn of Cobell’s passing. “Elouise spoke out when she saw that…

Treasury moving to e-invoicing


Some noteworthy news today on the long and winding road to a paperless government: As of the end of fiscal 2012, all Treasury Department bureaus will have to use electronic invoicing. The move is expected to cut the department’s processing costs by about half to $7 million annually and will also mean faster payments for government vendors, Deputy Treasury Secretary Neal Wolin said in a news release. At the department, the Bureau of the Public Debt and the Bureau of Engraving and Printing already use electronic invoicing; the IRS, the Office of Thrift Supervision and a number of other offices will now have to get…

ABC: Obama to sorta kinda appoint Warren


For weeks government regulatory geeks have been waiting with baited breath to see whether President Obama would formally nominate Elizabeth Warren to be the first head of the Consumer Financial Protection Bureau, sidestep the highly contentious nomination process and give her a limited recess appointment, or duck the conflict altogether and choose someone else. According to ABC’s Jake Tapper, the answer is … none of the above. Tapper says Warren will be the — deep breath — Assistant to the President and Special Adviser to the Secretary of the Treasury on the Consumer Financial Protection Bureau. Basically, she’ll be a…

Reading the tea leaves on Elizabeth Warren


The Washington Post’s Political Economy blog today reported that Elizabeth Warren — the left’s hands-down favorite to run the new Consumer Financial Protection Bureau — has unexpectedly dropped a fall class she was scheduled to teach at Harvard. This last-minute change for Warren’s contracting law class is fueling speculation that she could be nominated soon, and is gearing up for what could be a grueling confirmation battle. (Long story short, liberals love her and think she’d stand up to banks running amok; conservatives view her as a zealot who doesn’t know what she’s talking about.) The Post said that even…

Video: Michelle Obama at Treasury


[HTML1] As her 20th agency visit, First Lady Michelle Obama was at the Department of Treasury, July 7, 2010, to thank its employees for their work. In particular, she praised the organization’s effort on financial reform, which she hopes will prevent another meltdown. Michelle Obama also mentioned the Treasury’s cooperation with her “Let’s Move” campaign, aimed at promoting a healthier lifestyle, by introducing tax credits to grocery stores opening in under-served communities. (Jee Abbey Lee/ Medill News Service for Fedline)

Budgetball: Flex your mind and your muscles


So let’s say you’re sitting around on a Saturday afternoon, thinking, “Well shucks, I’d sure like to finally get around to solving America’s national debt problem today, but I’m really starting to get a little soft in the middle … maybe I should go outside and get some exercise instead.” We’ve all been there, right? Well, worry no more: Budgetball is here! Budgetball is, no lie, “an active sport of quick passes, tough defense, and bold comebacks designed to increase awareness of the national debt and reward strategic thinking and collaborative problem-solving around the issues of fiscal responsibility.”

It's all about the (new) Benjamins


Gordon Gekko would probably shed a tear at this promotional video released by the government today.  For just over a minute, the video lavishes attention on a new $100 bill rolled out today, as Ben Franklin’s famous visage soars and gyrates around the screen and inspirational music plays in the background. The video highlights in big blue letters the bill’s new security features: a 3-D security ribbon, a portrait watermark, a security thread, color-shifting numerals and a “bell in the inkwell,” whatever that means.

Director Ron Howard casting IRS comedy


Just think, snowed-in feds — should Washington D.C. break its snowfall record next year, perhaps you can catch up on episodes of Ron Howard’s planned Internal Revenue Service comedy. It’ll almost be like you’re back in your offices! FedLine has blogged about Howard’s planned Fox series before, which will be shot “documentary style” like NBC’s The Office and Parks & Recreation. Now we’re learning that Howard has started casting the show, with Numb3rs star David Krumholtz in the lead. Krumholtz will lead the action in an IRS regional office, according to Michael Ausiello over at Entertainment Weekly. What say you,…

Ron Howard developing IRS sitcom


Is the IRS funny? Famed director Ron Howard thinks so. Howard and his producing partner, Brian Grazer, are the team behind the critically-acclaimed and ratings-challenged “Arrested Development.” Howard may need to tap that blend of hysterical awkwardness with his new sitcom, which will be centered around an Internal Revenue Service field office. Trade publication The Hollywood Reporter first announced the project. The show has a pilot commitment with Fox, which means the network will pay to develop the first episode of the show, known as a pilot, and will pay a penalty to Howard and Grazer should it not pick…