Tag: 2023

For 2023, federal retirees will see largest COLA increase in over 40 years

COLA, Over, increase, federal, Years, retirees, largest, 20230 comment

Federal retirees and Social Security recipients are about to get the largest increase in their cost-of-living adjustment (COLA) in over four decades. The COLA will increase 8.7% for 2023, the Social Security Administration announced on Oct. 13. But not all federal retirees will see that amount added to their checks. Those in the Federal Employee Retirement System (FERS) will receive a 7.7% COLA starting in January. The large COLA announcement for 2023 is no surprise, given high rates of inflation and climbing consumer prices this year, said Ken Thomas, national…

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Congress cares about one thing now and its not 2023 appropriations

2023, cares, Congress, about, thing, Appropriations0 comment

Best listening experience is on Chrome, Firefox or Safari. Subscribe to Federal Drive’s daily audio interviews on Apple Podcasts or PodcastOne. Congress trucks back to Washington this week with only a few legislative days left before the end of the fiscal year. They’ll have to deal with government funding among other things. Here with the outlook Bloomberg Government deputy news director Loren Duggan, who talked to the Federal Drive with Tom Temin. Interview transcript: Tom Temin:  Let’s begin with what’s the schedules precisely for the House and the Senate. Loren Duggan: Well,…

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White House expects CR ahead of fiscal 2023, seeks $47B in emergency spending

White, seeks, Expects, emergency, 2023, $47B, fiscal, House, spending, ahead0 comment

The Biden administration, expecting Congress will need more time to pass a comprehensive spending package for fiscal 2023, is requesting $ 47 billion in emergency funds to last through the end of the calendar year. Nearly half the funding would go toward the federal government’s response to COVID-19. That includes the rollout of updated booster shots approved this week by the Food and Drug Administration and restarting a program to deliver free COVID-19 rapid tests to households. The administration is also seeking emergency funding for the first quarter of fiscal…

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House advances some key agency spending provisions for 2023

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The House cleared a funding package that included six bills, taking a few small steps forward for civilian agency spending in fiscal 2023. In a 220 to 207 vote on July 20, the House passed a “minibus” spending package with approximately $ 560 billion in government funding. In the full House vote, six out of 12 appropriations bills moved forward, supporting funding for the departments of Agriculture, Energy, Interior and Transportation, as well as the departments of Housing and Urban Development and Veterans Affairs, and several other independent agencies. The…

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New obstacles emerge to any hope of Congress getting a budget in time for fiscal 2023

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<p><em>Best listening experience is on Chrome, Firefox or Safari. Subscribe to Federal Drive’s daily audio interviews on </em><a href=”https://itunes.apple.com/us/podcast/federal-drive-with-tom-temin/id1270799277?mt=2″><i>Apple Podcasts</i></a><em> or <a href=”https://www.podcastone.com/federal-drive-with-tom-temin?pid=1753589″>PodcastOne</a>.</em></p> <p>China can&#8217;t do anything to prevent Congress from passing a budget on time for 2023. But the China competitiveness bill could do just that. With the year-end just three months away now, legislative arguments over the bill threaten budget talks. For how, the <a href=”https://federalnewsnetwork.com/category/temin/tom-temin-federal-drive/”><em><strong>Federal Drive with Tom Temin</strong></em></a> turns to WTOP Capitol Hill correspondent Mitchell Miller.</p> <p><em>Interview transcript:</em></p> <blockquote><p><strong>Tom Temin: </strong>Mitchell, what is going on with the China bill and the…

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