More military assistance being drawn from Defense Department. This week, President Joe Biden issued another authorization under the Foreign Assistance Act of 1961 for aid to Ukraine. He…
Read MoreFederal Spending
Federal Legislators Continue to Work on Funding Bill
Congress tries to avert a government shutdown Friday. Members of Congress have unveiled a $1.7 trillion government spending bill that would provide $858 billion to the military. Domestic…
Read More
Congress May Delay Funding Bill to 2023
Senate leaders were unable to find common ground in financing the government. Senate Minority Leader Mitch McConnell of Kentucky said this week that Congress will likely delay a…
Read More
Appeals Court Rules CFPB’s Funding Methods Unconstitutional
Decision is in opposition to previous rulings made by other courts. The Consumer Financial Protection Bureau (CFPB) is an independent federal agency that supervises banks and addresses complaints…
Read More
National Debt Tops $31 Trillion for First Time
Government spending is identified as the cause. The Treasury Department reported America’s gross national debt has eclipsed $31 trillion for the first time, a financial milestone arriving just…
Read More
Senate to Vote on Stopgap Funding Bill
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 More
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 More
Group of Representatives Call for EV Charging Stations
They suggest combining charging stations with broadband infrastructure. Ten members of the House have urged President Biden’s administration to use finances from the Bipartisan Infrastructure Law to build…
Read More