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…
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…
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…
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…
