The IRS' woes grow with report of that the agency spent $50 million for conferences, including for hotel rooms that normally cost up to $3,500 per night, from 2010 to 2012.
CNBC's Hampton Pearson has the latest details on the agency's decision to halt delivery on Saturdays. And, Rep. Darrell Issa, (R-CA), weighs in with his thoughts on the restructuring plans and whether the postal service should be private.
WASHINGTON, Oct 26- A $500- million ``green jobs'' program to train U.S. workers for new jobs and help spark recovery from the great recession has fallen far short of its goals, according to a report from the Labor Department's internal watchdog released on Friday.
WASHINGTON-- President Barack Obama carried the nation's capital in 2008 with 92 percent of the vote, and some local activists hoped he would push to give the District of Columbia representation in Congress and more autonomy in local affairs. Even Obama's staunchest local defenders are upset he's not more vocal on issues important to them.
The General Services Administration spending spree will mean that Congress will have to get to the bottom of what went wrong, Rep. Darrell Issa said Monday.
Postal Service officials understand the operation needs cutbacks to survive and are willing to work with Congress to do whatever's necessary, Postmaster General Patrick Donahoe told CNBC.
The U.S. Postal Service needs to slash 260,000 jobs and end Saturday delivery if it is to climb out of its "financially insolvent" condition, Rep. Darrell Issa said.
The chairman of the House Oversight and Government Reform Committee told CNBC that he wants to know whether political considerations drove the government’s decision to steer a potentially multibillion-dollar contract to a company in which financier Ron Perelman's investment firm has a significant stake.