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Daily Archives: January 6, 2009

House and Senate Appropriations Committees Announce New Earmark Reforms

News release: “Rep. Dave Obey (D-WI), Chairman of the House Appropriations Committee, and Sen. Daniel K. Inouye (D-HI), incoming Chairman of the Senate Appropriations Committee, announced three significant changes to further increase transparency and reduce funding levels for earmarks, building on reforms brought about in the last Congress…new reforms to begin with the 2010 bills include:

  • Posting Requests Online: To offer more opportunity for public scrutiny of member requests, members will be required to post information on their earmark requests on their Web sites at the time the request is made explaining the purpose of the earmark and why it is a valuable use of taxpayer funds.
  • Early Public Disclosure: To increase public scrutiny of committee decisions, earmark disclosure tables will be made publically available the same day as the House or Senate Subcommittee rather than Full Committee reports their bill or 24
    hours before Full Committee consideration of appropriations legislation that has not been marked up by a Senate Subcommittee.

  • Further Cuts: Earmarks will be further reduced to 50% of the 2006 level for non-project-based accounts.” [Note: “President-elect Barack Obama said today in a meeting with members of his budget team that he will ban earmarks from the American Recovery and Reinvestment Act that will soon go before Congress. The President-elect also said he expects his administration to inherit a budget deficit of up to $1 trillion.”]

Timeline for New Market Practices to Address Widespread Settlement Fails in U.S. Treasury Securities

Announcement: The Treasury Market Practices Group (TMPG) on Monday announced additional details regarding the progress on new market practices aimed at addressing settlement fails in the U.S. Treasury Market. Following discussions with market participants, the TMPG has refined its November 12, 2008 recommendations to remediate widespread Treasury settlement fails.1 Since November, short-term interest rates have… Continue Reading

Treasury Releases Congressional Report on EESA

“The Treasury Department today released the report, United States Department of the Treasury Section 105(a) Troubled Asset Relief Program Report to Congress for the Period December 1, 2008 to December 31, 2008, required by section 105(a) of the Emergency Economic Stabilization Act. The first in the series of reports was delivered on December 5, 2008.”… Continue Reading

President Bush Discusses Conservation and the Environment

Follow up to Bush Administration to Designate Three New Marine National Monuments in the Pacific Ocean, today’s White House multiple document postings on the environment, include: Fact Sheet: Marine National Monuments Statement by the President on the Occasion of the Designation of the Marianas Trench Marine National Monument, Pacific Remote Islands Marine National Monument, and… Continue Reading

CBO: Long-Term Implications of the Fiscal Year 2009 Future Years Defense Program January 2009

Long-Term Implications of the Fiscal Year 2009 Future Years Defense Program, January 2009 “In CBO’s projection of DoD’s current plans, defense resources average about $549 billion annually (in 2009 dollars) from 2014 to 2026, or about 6 percent more than the $517 billion in total obligational authority (TOA) requested by the Administration and the $515… Continue Reading

DHS OIG: DHS' Role in State and Local Fusion Centers Is Evolving

OIG-09-12 – DHS’ Role in State and Local Fusion Centers Is Evolving, December 2008 (PDF, 62 pages) “Improving intelligence gathering and information sharing at all levels of government has been a major concern and priority since the terrorist attacks of September 11, 2001. To promote greater information sharing and collaboration among federal, state, and local… Continue Reading