PARKERSBURG -The proposed merger of two federal service operations will not result in the loss of the Bureau of Public Debt from the area, according to a high-ranking treasury official.
Dan Tangherlini, assistant secretary for management and chief financial officer for U.S Department of Treasury said the consolidation of the Bureau of Public Debt (BPD) and the Financial Management Service (FMS) will not result in the loss of services from Parkersburg.
"We should put a stake in the heart of that," he said.
Earlier this week, President Barack Obama proposed the consolidation of the BPD and FMS with the idea it will save the government as much as $36 million over five years. Tangherlini said the proposed merger will be a consolidation of staff and reducing redundancy, in ancillary services. He said the BPD provides "backshop" services for other federal government agencies, such as human resources, accounting and IT services.
Tangherlini said the merger will have nothing to do with BPD and FMS' core delivery of services in government.
"They sell these services to other agencies," he said. "People love the work they get out of the bureau in Parkersburg and we see that as growing over time."
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