In Washington, you can’t go too long in cocktail party banalities without people asking “So…what do you do?”
It wasn’t too long ago that my response, “I’m a budget geek”, used to elicit a half-hearted, “Oh. Great.”, as their eyes glazed over, scanning the crowd looking for the next target. But that’s beginning to change. Keep reading →
The White House submitted its revised financial outlook and budget priorities to Congress for fiscal 2012 and beyond, predicting that the federal deficit for 2011 will be 20 percent lower, at $1.316 trillion, than projected in February, but acknowledging a number of economic hurdles lie ahead.
Citing a combination of lower outlays and higher-than-anticipated receipts, the 2011 deficit is projected to equal to 8.8 percent of gross domestic product (GDP), down from 10.9 percent projected in February, the President’s “Mid-Session Report” said. Deficits are also expected to be lower in each of the next 10 years than estimated in the President’s February budget. Keep reading →
The seventh in a series of “Seven Management Imperatives” for government leaders, based on the insights provided by some 300 senior government officials and more than 300 research reports, courtesy of IBM Center of The Business of Government.
The federal government faces an estimated annual structural deficit of $500 billion to $700 billion. A deficit of this magnitude represents a major threat to the economic health of the nation. The structural deficit is defined as the portion of the total annual deficit that results from a fundamental imbalance in receipts and expenditures, not just one-time occurrences or changes in the economic cycle. Steps to reduce and eliminate this structural deficit are urgently needed. Keep reading →
Federal agencies may be limited in their ability to hire new employees, but as a human resources professional, hiring manager or senior executive, you should make sure that your agency continues to have a presence on college campuses even if you’re not actively filling jobs.
In the current climate of budget uncertainty, there may be a temptation to pull back on campus recruiting because you don’t have specific positions to fill. This would be a mistake. Keep reading →