Budget deal a step backward: Opposing view

Budget deal a step backward: Opposing view

Michael A. Needham 10:45 p.m. EST December 10, 2013

More spending and higher fees.

While imperfect, the sequester has proved to be an effective tool in reducing base discretionary spending. Nonetheless, conservatives have expressed a willingness to alter the budget caps established by the 2011 debt ceiling deal in exchange for immediate and substantive structural reforms that significantly reduce spending and address the real drivers of our debt.

OUR VIEW: Beats another shutdown Continue reading “Budget deal a step backward: Opposing view”

Cardin expresses outrage over fed worker cuts

Sen. Ben Cardin, D-Md., on Capitol Hill.
Sen. Ben Cardin, D-Md., on Capitol Hill. (Getty Images )
December 06, 2013|By John Fritze | The Baltimore Sun

Sen. Ben Cardin sent a letter to Democratic Senate leaders Thursday (December 06, 2013 Senator Cardin Letter to Senator Reid re Budget Agreement Federal Workers) expressing outrage over reports that a budget deal developing in Congress may include further cuts to the federal workforce — the latest member of Maryland’s delegation to push back on the possibilities of those cuts.

Lawmakers in states with a high concentration of federal employees are reacting to rumors that negotiators are considering a 5.5 percentage point increase in how much federal employees would contribute toward retirement plans. Maryland is home to some 300,000 federal workers. Continue reading “Cardin expresses outrage over fed worker cuts”

More feds may receive early back pay Thursday

More feds may receive early back pay Thursday

Employees of the Internal Revenue Service and Customs and Border Protection may receive back pay for the recent shutdown period as early as Thursday, according to the agencies and their payroll processors.

A US Border Patrol agent stands near a crossing to Mexico at the San Ysidro port of entry. (Frederic J. Brown/AFP-Getty Images).

A US Border Patrol agent stands near a crossing to Mexico at the San Ysidro port of entry. (Frederic J. Brown/AFP-Getty Images).

Monday is the next regularly scheduled pay date for both organizations, but some agencies are trying to rush funds to their workers after they went without checks during the 16-day government closure. Continue reading “More feds may receive early back pay Thursday”

As federal belts tighten, contractor CEOs enjoy million-dollar raises

As federal belts tighten, contractor CEOs enjoy million-dollar raises

Apr. 23, 2013 – 09:13PM   |

By JIM McELHATTON   |

On the same day in March that Lockheed Martin warned that the sequester could lead to thousands of employee furloughs and layoffs, the nation’s largest federal contractor disclosed that it had just boosted the compensation of its former CEO by more than $2 million.

Former Lockheed Martin CEO Robert Stevens testifies before the House Armed Services Committee in 2012.Former Lockheed CEO Robert Stevens, who retired as CEO on Jan. 1 but remains chairman, saw his overall compensation rise from $23.4 million in 2011 to $27.5 million in 2012, according to Securities and Exchange Commission (SEC) forms.

The disclosure shows how even with a looming sequester, budget standoffs and defense cutbacks, federal belt-tightening hasn’t yet hit the wallets of top executives for some of the nation’s biggest federal contractors.

“I don’t think you’re going to start seeing that until companies’ numbers are going flat and negative,” said Paul Dorf, managing director of Compensation Resources Inc. Continue reading “As federal belts tighten, contractor CEOs enjoy million-dollar raises”

Romney: Save $500B by cutting federal jobs, pay, combining agencies

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Romney: Save $500B by cutting federal jobs, pay, combining agencies

September 18th, 2012 | Pay & Benefits | Posted by Stephen Losey

(Darren McCollester, Getty Images)

Republican presidential candidate Mitt Romney yesterday said the path to saving a half-trillion each year lies with slashing federal jobs and pay, merging agencies, and cracking down on improper payments. Continue reading “Romney: Save $500B by cutting federal jobs, pay, combining agencies”