Cancels federal student loans for another 153,000 borrowers. The White House canceled an additional $1.2 billion in student loan debt this week, the cumulative debt of nearly 153,000…
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President Seeks to Cut 13 Jets from Upcoming Pentagon Order
Reducing the F-35 jet order from 83 to 70 cuts $1.6 billion in spending. President Joe Biden is looking to reduce the number of F-35 jets the Pentagon…
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White House Announces $5 Billion for Semiconductor Research
The administration establishes a center for research and a public-private development consortium. President Biden’s administration has announced a $5 billion investment into domestic semiconductor research and development (R&D),…
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USDA Urges Congress to Fund WIC Program
Cuts have been proposed in the 2024 draft budget. The U.S. Department of Agriculture (USDA) recently made a request of Congress, asking that legislators not cut $1 billion…
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Armed Services Committee Prepares Defense Policy Bill
Chairman expresses optimism that it will receive bipartisan support. The House Armed Services Committee is set to release the text of this year’s National Defense Authorization Act (NDAA).…
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GSA Explores Large Reduction of Federal Office Space
The federal government could reduce real estate by up to 30 percent and save billions. The General Services Administration, the real estate manager of the federal government, is…
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House and Senate Pass Government Funding Resolution
The legislation was spearheaded by Speaker Johnson, avoiding a government shutdown or a Christmas omnibus. The Senate passed the continuing resolution on Wednesday which avoids both a government…
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Federal Showdown or Shutdown?
Congress is facing a budget crisis again. What’s going on here? PRAY FIRST that God’s will may be accomplished through the federal budget and the programs it funds. …
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Government Accountability Office Finds Massive Spending Discrepancies
Four administration departments and 49 agencies “flagged.” The Government Accountability Office issued a report on incorrectly reported spending or missing reports on government spending information. The Departments of…
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Interest on National Debt Now the Top Budget Expense
Treasury data shows interest exceeds $1 trillion per year. Information from the U.S. Treasury Department shows that estimated annualized interest payments on the nation’s debt exceeded $1 trillion…
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