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Veteran Affairs Department Cancels Project After OMB Freezes New IT Programs
The Department of Veterans Affairs is cancelling its financial management system just weeks after the Office of Management and Budget (OMB) froze the program as part of a larger review of federal information technology programs. Currently, OMB is halting new spending on selected federal agencies' financial management systems, requiring reviews before the projects can move forward. The agencies were given 60 days to prepare their plans, which OMB will have 60 days to assess. The news has meant government contractors who hoped to work on the programs are now facing delays and, in some cases, cancellation.
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