The new deadline is December 23. The House and Senate each passed a short-term bill to fund the government until December 23. The one-week continuing resolution averts a…
Read MoreNational Debt
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…
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Congress Passes Stopgap Funding Bill
The president is expected to sign it Friday. On Thursday, the Senate passed a short-term spending measure that will avoid a partial government shutdown next week and boost…
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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…
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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.…
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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…
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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…
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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…
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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…
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