WASHINGTON (MNI) – The Obama administration FY2013 budget proposals
sent to Congress Monday proposes consolidating the Treasury Department’s
Bureau of the Public Debt and the Financial Management Service.
The summary of the proposal follows:
Streamlines Core Operations Through Bureau Consolidation.
The Budget supports a full consolidation by 2014 of the Bureau of
the Public Debt and the Financial Management Service into the Fiscal
Service. This allows Treasury to adopt more innovative strategies and
streamline its core functions. The consolidation also strengthens
Treasury’s leadership of Federal financial management issues, reduces
costs, and enhances efficiencies by further modernizing Federal
financial management processes.
** Market News International Washington Bureau: 202-371-2121 **
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