A continuing resolution would keep the government working. The Senate is set to vote Tuesday evening to advance a short-term bill to keep the government funded, but a…
Read MoreFederal Budget
Treasury Department Reports $220 Billion August Deficit
The number is 29% higher than August of 2021. This week, the Treasury Department posted the U.S. government’s receipts for August 2022, reporting a $220 billion budget deficit.…
Read More
Congress Facing September 30 Funding Deadline
Continuing resolutions are expected to keep the government open. September 30 is the deadline for Congress to get a bill passed and signed to prevent a government shutdown. Legislators…
Read More
Administration Forecasts $1.7 Trillion Deficit Reduction
The amount is lower than what they estimated in March. The Office of Management and Budget said the federal deficit will decline by $1.7 trillion this year, representing…
Read MoreSenator Braun Submits Budget Plan with 10-Year Balance
Tax cuts and military spending are retained. Senator Mike Braun introduced a plan Tuesday to bring the federal budget into balance over 10 years. The Indiana businessman is…
Read More
President Announces Airport Terminal Upgrade Funding
Money comes from the 2021 infrastructure law. The White House announced that President Biden’s administration will grant nearly $1 billion to 85 airports across the country to improve…
Read More
CBO Concerned About Increasing Deficit
Presidential executive actions are contributing to the problem. A letter from the Congressional Budget Office (CBO) in response to an inquiry by a congressman from Missouri confirms that…
Read More
Littoral Combat Ships Saved from Scrapyard
Representative Granger strikes deal in defense spending bill. Last week, Representative Kay Granger of Texas struck a deal in the fiscal year 2023 defense bill to save five…
Read More
U.S. Forest Service Admits Errors in New Mexico Burn
Fire has consumed more than 340,000 acres. The Hermits Peak Fire in New Mexico has been reviewed by the U.S. Forest Service which has determined that errors occurred…
Read More
IRS To Clear 2021 Backlog This Week
Treasury secretary calls for additional funding as the service continues to struggle. The Internal Revenue Service (IRS) said on Tuesday that, by the end of this week, they…
Read More