Management

TSP settles lawsuit with contractor

The Federal Retirement Thrift Investment Board and a former contractor have settled a lawsuit over a botched effort to modernize the TSP’s computer system—leaving TSP participants footing a $36 million bill for the failed modernization contract.

Management

Union sues Bush administration over new job competition rules

The National Treasury Employees Union is suing the Bush administration over new rules for putting federal jobs up for competition with private firms, alleging the revised Office of Management and Budget Circular A-76 violates federal law.

Defense

Border agency merger already paying dividends, official says

The merger of four federal border agencies into the new Bureau of Customs and Border Protection has already tightened security along the U.S. border, an official guiding the reorganization said Wednesday.