This chart, presented with the September 2014 meeting of the Federal Reserve Bank’s Federal Open Market Committee (FOMC), provides each member’s forecast of the federal funds rate. Each shaded circle indicates the value (rounded to the nearest 1/8 percentage point) of an individual member’s judgment of the midpoint of the appropriate target range for the […]
DISA Headquarters With more than 56,000 employees—including about 5,700 new jobs that have resulted from BRAC-related movements—Fort George G. Meade is the largest employer in Maryland, the fifth-largest employment center in the state, and has the third-largest workforce of any U.S. Army installation. The BRAC-related construction completed at Fort Meade last summer (2011) includes new […]
The widely used abbreviation for military construction is MILCON (also written variously as MilCon, Milcon or milcon). This typically refers to any construction, alteration, development, conversion or extension of any kind carried out with respect to a military installation, including those for the Army, Navy, Marine Corps and Air Force; the Department of Defense; the […]
Rep. Jeff Denham (R-CA) When ordinary citizens find themselves with too much stuff, they have a garage or yard sale—even call in a clutter consultant, which explains why organizing maven Marie Kondo is in such high demand these days. But when the federal government sits on too much stuff, it usually stays sat upon, unused […]
If you find yourself working on a large lease transaction, you’ll eventually hear the term “Prospectus”. The Prospectus refers to the document that GSA produces each time it seeks to execute a lease over a specified dollar threshold. This document requires review by the Office of Management and Budget (OMB) and, most significantly, Congressional approval. […]
What little-known agency occupies the third-largest federal facility in the Washington, D.C., area (after the Pentagon and the Ronald Reagan building)? Last year, the National Geospatial-Intelligence Agency (NGA), part of the Department of Defense, moved into the 2.77 million-square-foot NGA Campus East (NCE), a newly constructed complex on Fort Belvoir North Area in Springfield, Virginia. […]
A year ago when I wrote my review of the year 2012, I forecasted that in 2013 “we can be sure that our federal government will continue to clamp down on real estate spending and there will be intense pressure to reduce the inventory through greater space utilization and disposal of unneeded property”. Unfortunately, that […]
The widely used abbreviation for military construction is MILCON (also written variously as MilCon, Milcon or milcon). This typically refers to any construction, alteration, development, conversion or extension of any kind carried out with respect to…
On Friday, Office of Management and Budget (OMB) Acting Director, Jeffrey Zients, issued a memorandum effectively freezing the federal inventory of leased space. The memorandum entitled “Promoting Efficient Spending to Support Agency Operations” addressed a wide…
(Cartoon: John Darkow, Columbia Daily Tribune) With both the House and Senate out of session this week, only four days remain for lawmakers and the White House to agree on a plan to reduce the deficit in order to avert sequestration—the $85 billion in across-the-board spending cuts (this year) required by the Budget Control Act […]
Virginia Senators George Allen and John Warner, Virginia Governor Mark Warner and Chief of Naval Operations Adm. Mike Mullen prepare to testify to the Defense Base Realignment and Closure Commission in 2005 as part of their effort to keep key Virginia military bases open. (Photo: Defense.gov) President Obama has proposed a new round of military […]
Quick, count up every U.S. intelligence organization. Did you get to 17? Probably not; but don’t worry because few people do. You knew the U.S. intelligence community is vast but did you have any idea that it included the Department of Energy and the Department of Treasury? The U.S. Intelligence Community (IC) is a coalition […]
On Federal News Radio this past Friday, Elaine Clancy, GSA’s Director of Leasing, was interviewed regarding GSA’s efforts at space reduction and consolidation and her answers underscored a broader theme growing ever louder at GSA: the…
As the winter flu season approaches, we take a look at one of the U.S. Department of Health and Human Services’ major operating components: the Centers for Disease Control and Prevention (CDC). CDC’s mission is “to collaborate to create the expertise, information, and tools that people and communities need to protect their health—through health promotion, […]
