Blogs

The Government Accountability Office (GAO), the federal government’s chief auditor and financial watchdog, published a new report detailing a first-ever estimate of government-wide fraud. According to GAO, between fiscal years 2018 and 2022 (inclusive), the federal government experienced direct financial…

Last week, Congress enacted the remaining six annual discretionary appropriations bills for FY 2024, finally concluding the “regular” appropriations cycle for the current year (which is already 6 months underway). Combined, this second 6-bill “minibus” (H.R.2882, The Further Consolidated Appropriations…

Appropriations for FY 2024 may still be unfinished, but time and the Congressional Budget Office (CBO) wait for no one. Despite little observable progress on the 12 appropriations bills to fund the government for the current fiscal year, CBO kicked…

While appropriators haggled this week over how to fund the government before the next set of deadlines, the two chairmen of the tax writing committees in the House and Senate: Senator Ron Wyden (D-OR), Chairman of the Senate Finance Committee,…

On January 7, Republican House Speaker Mike Johnson (R-LA) and Democratic Senate Majority Leader Chuck Schumer (D-NY) announced key elements of a FY 2024 spending deal that would pave the way for appropriators in the House and Senate to begin…

The tax world is in a tizzy as the Supreme Court is set to consider a case that could fundamentally change the federal income tax code. Next week, the Court will hear oral arguments in Moore v. United States, a…

Last week, the yield on 10-year government securities briefly reached 5 percent for the first time since 2007.[1] This yield represents the interest rate investors will earn given the price they paid for securities in the secondary market. If yields…

While much of America was riveted by the Speaker’s race in the U.S. House of Representatives this past week, some important budget-related news slipped by with little notice. First, President Biden submitted to Congress not one, but TWO supplemental appropriations…