The federal government ran a $510 billionbudget deficitin the first quarter of fiscal year 2024 – an increase of $89 billion from the same period a year ago, according to data from the Treasury Department and the nonpartisan Congressional Budget Office (CBO). The CBO noted that the ...
Stay up to date on appropriations from Congress and budget policies from OMB and what they mean for your agency.
What partisan concessions are included in the FY24 federal budget? After months of drawn-out negotiations, both parties walked away with political wins. Republicans celebrated provisions to increase the number of border patrol agents, prohibit the government from banning gas stoves, ban U.S. embass...
Wed, Sept 25, 2024:Bipartisan Fiscal Forum Discusses Debt on Houses Floor–CRFB Thurs, July 25, 2024:Expired and Expiring Authorizations of Appropriations for FY’24–CBO Tues, July 23, 2024:Effects of the Immigration Surge on the Budget and Economy–CBO ...
(OMB) recently released FY 2025 President’s Budget. The OMB not only develops and executes budgeting for the executive branch but also manages and oversees federal agency performance, procurement, and IT, among other responsibilities. That means the budget has a major effe...
“In addition to year-to-year pay increases, the administration is pursuing structural reforms to enhance the competitiveness of the federal pay system,” the FY25 budget request said. Specifically, it mentions addressing pay compression experienced by workers who max out the pays...
The FY 2020 U.S. federal budget was greatly impacted by the COVID pandemic. Spending was $2 trillion higher than budgeted, leading to a $3.13 trillion deficit.
March 20, 2024 Budget Details Vision to Protect Progress, Lower Costs, Protect and Strengthen Social Security and Medicare, Invest in America and the American People, and Reduce the Deficit President Biden delivers the State of the Union Address outlining his priorities for the next term © Kare...
Elections Alter FY25 Spending Patterns Read More 2024 CNO Navigation Plan: A Closer Look View More Testimonials See how FBIQ helps clients anticipate challenges and manage risk for their federal customers. In March 2020, Federal Budget IQ (FBIQ) anticipated that a multi-trillion-dollar federal re...
The federal budget lays out the salaries paid to federal employees and contractors, the dispersal of agricultural subsidies, and the equipment purchased by the U.S. military, among many other spending needs. The budget is compiled annually, with a fiscal year (FY) beginning on Oct. 1 and end...