That translates into fewer audits and collection cases and we estimate the government will lose at least 2 billion in revenue that otherwise would have been collected. Additionally, the reductions have forced us to make cuts in taxpayer service. This is troublesome because he we cant provide the Services Taxpayers need to fulfill their Tax Obligations voluntary compliance will fall. This concludes my statements that i would be happy to take your questions. Mr. Estevez . Thank you. Appreciate the opportunity to appear before you to discuss a couple of years of highrisk identified by gao specifically supply Chain Management, weapons acquisition. The department of defense has made measurable progress in addressing these areas as well as in the areas of Contractor Management and infrastructure. The department is dedicated to improving our supply chain and acquisition processes to ensure effective support for our warfighters. Supply Chain Management and Weapon System acquisition of complex
Implementation to goad and exhort and encourage. I think thats really good. With respect to the whole subject, you are familiar with the document issued december 10. Yes, im familiar with it. I assume that you and your i. T. Expert let me not assume assume. Was that a helpful document in terms of laying out goals and objectives . Yes. You concur. It set the foundation for key initiatives going forward. And for example when it talks about we ought to approve funding of major i. T. Programs only when it meets three basic criteria. Right . Have a dedicated manager parnd a fully staffed integrated program team, use a modular approach with usable functionality delivered every six months. I think they mean by that, break up huge multiyear complex Systems Integration contracts so that theyre easier to manage. And thirdly, use specialized i. T. Acquisition professionals. Are those do you think those are three helpful criteria whether we are looking at issuing a major procurement . I did. Absol
Basically it relates to the activities counter by the activities or overseeing this by activities of another group so one group does not have full control over this or a process where this is being processed because they could potentially make undetected changes to the Software Processing data and we dont want that to happen. So developers in this case should be confined to a development environment. My understanding, my children will till you but i have no technological knowledge, but kind of like a submarine when there is a leak in one area you can close off that section and in another area where the leak occurs doesnt infect the other areas. Is that occurring now in the federal agencies with the situation . Yes, and several there are about 14 agencies that have weaknesses in segregation control. And they have an example that you highlighted that exude a sense and that is another Security Defense principle that agencies support layer upon layer of security controls in the event that
People familiar with discussions tell bloomberg that although some progress has it made, both sides are still far from an agreement. The greek government is still opposed to cutting pensions or raising the sales tax. Still, officials they greece should have enough cash to make a 223 million payment this week to the International Monetary fund. John glover joins me now on the phone from london. Thanks for your time. How we view described the atmosphere of the talks . John i was not present at the meeting, but it has been ascribed as tens although more constructive than it was with the finance minister but it has been described as tense. The finance minister is controlling things from afar. Mark is greece in a position to be drawing lines in the sand at this point . John well, that is the question everybody is asking themselves. The answer is not really, but the trouble is everybodys options are quite limited. Greece is going to run out of money. The eu will have a major issue if it forc
Bailout money, greece will not be able to retain an imf loan for the next month. Olivia Richard Shelby wants to make the most extensive changes to the dodd frank financial reform law. One of his proposals could free up 66 billion in capital for 11 lenders including american express. Shelbys Committee Vote debate the bill today and he wants to raise the point at which banks are considered systemically important and that was that some small lenders reduce capital levers and return some of it to shareholders. Mcdonalds is bracing for more protest today when shareholders meet at headquarters in chicago, illinois. Demonstrators marched on the mcdonnell conflict yesterday and they want workers to be paid a minimum of 15 an hour and have the right to unionize. About 100 protesters were arrested and todays meetings the ceo told stockholders since the first time before coming ceo. Erik after more than 6000 shows, David Letterman said goodbye last night. He signed up cbss late show for the last