^®: CRE Regulatory Action of the Week

OMB Issues Memo on "Use of Evidence and Evaluation in the 2014 Budget"
OMB issued a memorandum dated may 18, 2012, to the heads of executive departments and agencies. This Memorandum states in part:

"Since taking office, the President has emphasized the need to use evidence and rigorous evaluation in budget, management, and policy decisions to make government work effectively. … Agencies should demonstrate the use of evidence throughout their Fiscal Year (FY) 2014 budget submissions. Budget submissions also should include a separate section on agencies' most innovative uses of evidence and evaluation, addressing some or all of the issues below. Many potential strategies have little immediate cost, and the Budget is more likely to fund requests that demonstrate a commitment to developing and using evidence."