Budget Breakdown Keeps Federal Agencies GuessingWASHINGTON -- The collision of the $1 trillion in budget cuts known assequestration and the...Lowrey, Annie
Government spending for FY 2021 budget is $4.829 trillion. Despite sequestration to curb government spending, deficit spending has increased with the government’s effort to continually boost economic growth. Two-thirds of federal expenses must go to mandatory programs such as Social Security, Medicare...
Lawmakers have until the end of Friday, Dec. 20, to pass a spending bill that will fund the federal government into next spring while it hashes out the long-term federal budget. If that deadline passes without Congress approving funding, the government will enter into a shutdown period unti...
The Government is concerned that certain taxpayers are still engaging in abusive arrangements that are intended to circumvent the dividend rental arrangement rules and result in an artificial tax loss on the arrangement. Consequently, the Budget proposes an amendment which broadens the dividend rental ar...
“Federal employees are dedicated and talented professional public servants, often working demanding jobs,” the budget reads. “To continue to deliver for the American people in the 21st Century, the Federal Government must win the competition for highly-skilled talent.” ...
The bottom line is that budget deficits don’t necessarily lead to inflation. But if a government is untrustworthy, then it will have trouble issuing debt to private investors. And that’s when politicians will have incentives to use the central bank as a printing press. P.S. Pay attention...
The government spent $2.5 trillion on mandated benefits.2This portion of the budget is an estimate, not an appropriation, and Congress can't change it as part of the normal budget process. Congress mandated these benefit payments when it passed the laws that created the programs. The breakdown...
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...
President Joe Biden signed a bill into law on Saturday to avoid a default on the federal government’s debt by raising the debt ceiling.
Balancing the nation's budget isn't an easy feat and it's nothing like trying to keep your household budget balanced. The U.S. has run deficits ever since it gained independence from Great Britain. The government has to spend to keep running and providing services. Federal government debt h...