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OMB directs agencies to cut 2013 budgets

Agencies should submit requests that trim spending by at least 10 percent below 2011 levels.

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Play of the Day -- Colbert Super PAC wants to be Perry's 'All-you-can-eat money trough'

A daily roundup of late-night video.

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Play of the Day -- Jon Stewart on Rick Perry: 'Dial back the Texas a notch'

A daily roundup of late-night video.

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Library of Congress looks to reshape workforce through buyouts, early outs

Hundreds of employees at legislative agency could be eligible for early departure.

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Agencies turn to buyouts in tough budget environment

More than a dozen agencies currently are offering the incentives or seeking authority to do so.

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Play of the Day -- Ron Paul doesn't make the GOP 'top tier'; Iowa voters steal money from Bachmann

A daily roundup of late-night video.

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Fitch affirms U.S. AAA credit rating

Announcement comes 11 days after Standard & Poor's downgraded U.S. credit.

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Obama seeks plan to keep federal role in mortgage market

A small team has been directed to develop a proposal to maintain the federal government's role as the insurer for most homeowners' mortgages.

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A Former Fed for President

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So 10,000 Taxpayers Can Vent

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Buyouts at HUD affect employees outside Washington

Department is offering incentives to eligible employees in certain Western states.

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Analysis: Obama’s Economy -- or Not?

There's probably not much the president could have done about the worst economic crisis since the Great Depression -- except possibly lead better.

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Play of the Day -- Republican candidates take over Iowa; Obama comes up with ideas for new jobs

A daily roundup of late-night video.

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Raining on HHS' Parade

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From Nextgov: First federal CIO launched far-reaching changes, experts say

Vivek Kundra's vision for using technology to transform government operations will endure , observers say.

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SEC faces new calls for its reorganization

House Republicans gear up for autumn hearing on major overhaul of the regulator’s structure, even as the agency is implementing last year’s financial reform law.

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Play of the Day -- Republican contenders are 'Battered, dipped and deep fat fried'

A daily roundup of late-night video.

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SEC using new enforcement powers to probe trading before U.S. credit downgrade

Proving information was leaked could be challenging because many traders were expecting the downgrade, Financial Times report says.