Watchdog: Treasury needs an exit plan for bailed-out Ally Financial

January 30, 2013

A few items that caught our attention:

(Robert Miller/The Washington Post)
(Robert Miller/The Washington Post)

• An inspector general for the Troubled Asset Relief Program is questioning the Treasury Department’s exit strategy for Ally Financial, once one of the largest auto lenders in the country and a firm that still owes the government $11.4 billion from the so-called bank bailout.

• The Defense Department may find difficulty implementing its plan for a fivefold increase in U.S. Cyber Command staff, due to the fact that the qualifications and skills needed for those positions are rare and require years of training, Federal News radio reported.

• Post reporter Sari Horwitz provided a brief profile of departing Assistant Attorney General Lanny Breuer, who oversees the Justice Department’s criminal division and whose career was marked by the “Fast and Furious” gunwalking controversy.

• The largest federal-employee union wants Congress to cap payments for contractor salaries and says the move could save the government billions of dollars each year, according to Federal Diary columnist Joe Davidson.

 

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Josh Hicks covers the federal government and anchors the Federal Eye blog. He reported for newspapers in the Detroit and Seattle suburbs before joining the Post as a contributor to Glenn Kessler’s Fact Checker blog in 2011.
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Josh Hicks · January 30, 2013