Tag: fiscal year end
2 articles
Federal Agencies Scramble to Optimize IT Spend Before Fiscal Year-End Deadlines
As the federal government's fiscal year-end deadline looms in September, agencies face a critical choice: spend remaining budget authority wisely to drive IT modernization forward, or risk losing funding that could hinder progress for years to come. This September is more than just a ledger-closing exercise - it's a make-or-break moment for modernization programs that will impact the future of federal agencies.
Pentagon Rushes to Commit $126 Billion Before Fiscal Year Deadline
The Pentagon is racing against the clock to commit a whopping $126 billion before September 30, or risk losing some of those funds to an automatic 8.3 percent cut. With only $26 billion already on contract, time is running out to tap into the $152 billion pot from 2025 reconciliation legislation.