FederalNewsRadio - Federal Financial Report - FMLOB

The Bureau of the Public Debt is one of four agencies qualified to be shared service centers in financial management. But the Office of Management and Budget has ended its own effort to develop a financial management system for the agency. Federal Computer Week reports OMB will conduct a public/private competition to acquire a new system, under Financial Management Line of Business guidelines. The competition might not begin, however, until the fourth quarter of 2007.