The 2024 Republican Study Committee (RSC) budget blueprint proposes substantial cuts to federal employees’ pay and benefits. The fiscal year 2024 budget from the Republican Study Committee (RSC) would make drastic reductions to the pay and benefits of federal employees. Among the proposed changes to federal employees’ pay and benefits are: Reforming paid leave policies to match […]
Washington’s role as the US capital makes it reliant on government workers for its economic success — and many are choosing to stay home, perhaps for good, leaving vast federal offices empty and the city struggling. From restaurants hosting federal lobbyists to world-class cultural centers, the city’s fortunes have long been tied to the government […]
The Department of Defense recently began notifying more than 23,000 employees that they have been receiving either an overpayment or underpayment of their salary due to calculation errors in their pension contributions. All of the affected employees are under the Federal Employees Retirement System (FERS). More than 8,400 affected employees work for the Army, nearly […]
WASHINGTON (Reuters) – The U.S. is rapidly approaching the deadline for Congress to pass a deal, reached over the weekend by Democratic President Joe Biden and top congressional Republican Kevin McCarthy, to suspend the government’s $31.4 trillion debt ceiling or risk a catastrophic default. WHEN WAS THE DEBT CEILING REACHED? Washington regularly sets a limit […]
The count of TSP millionaires continued to recover in the first three months of this year, although it remains below the level of 12 months before and well below the peak at year-end 2021. The count stood at just above 88,000 as of March 31, up from just under 77,000 at year-end 2022 (the TSP […]