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#federal-reserve
fromNextgov.com
3 days ago
Artificial intelligence

'Faster and more disruptive' tech underscores need to revamp the Fed's operations, its governor says

US politics
fromTruthout
18 hours ago

Republicans Race to Advance Trump's Federal Reserve Pick

Republicans are advancing Kevin Warsh's nomination for Federal Reserve chair amid controversy over the Justice Department's dropped probe into Jerome Powell.
Artificial intelligence
fromNextgov.com
3 days ago

'Faster and more disruptive' tech underscores need to revamp the Fed's operations, its governor says

Federal Reserve Governor Christopher Waller advocates for modernizing the central bank's operations to enhance efficiency and adapt to technological changes.
US politics
fromAxios
1 day ago

DOJ drops criminal probe into Fed chair Jerome Powell

The U.S. attorney has closed an investigation while the Inspector General examines Federal Reserve building cost overruns.
fromPortland Mercury
2 days ago

Council Grills City Administrators About Unbudgeted Housing Funds During First Oversight Hearing - Portland Mercury

"We're here on behalf of the people who put us here, and who need to know that their government is accountable to them, and that we, their representatives, will ask questions and investigate discrepancies on their behalf," said District 2 Councilor Sameer Kanal.
Portland
#irs
Remote teams
fromNextgov.com
2 days ago

IRS lacks transparent plans to leverage tech in the face of staffing cuts, GAO and employees say

The IRS aims to modernize technology while reducing staff, but lacks transparency and clarity in its long-term plans.
Remote teams
fromNextgov.com
2 days ago

IRS lacks transparent plans to leverage tech in the face of staffing cuts, GAO and employees say

The IRS aims to modernize technology while reducing staff, but lacks transparency and clarity in its long-term plans.
#us-national-debt
SF politics
fromFortune
2 days ago

When interest on national debt overtook military spending, it triggered a limit where the U.S. may 'cease to be a great power', warns Hoover historian | Fortune

Interest payments on U.S. national debt will exceed $1 trillion in 2026, surpassing military spending for the first sustained period in recent history.
Retirement
fromFortune
2 weeks ago

U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined | Fortune

The U.S. national debt exceeds $39 trillion, with interest payments reaching $529 billion in the first half of the fiscal year.
fromFortune
2 months ago
US politics

'Nothing short of self-sabotage': Watchdog warns about national debt setting new record in just 4 years | Fortune

SF politics
fromFortune
2 days ago

When interest on national debt overtook military spending, it triggered a limit where the U.S. may 'cease to be a great power', warns Hoover historian | Fortune

Interest payments on U.S. national debt will exceed $1 trillion in 2026, surpassing military spending for the first sustained period in recent history.
Retirement
fromFortune
2 weeks ago

U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined | Fortune

The U.S. national debt exceeds $39 trillion, with interest payments reaching $529 billion in the first half of the fiscal year.
fromFortune
2 months ago
US politics

'Nothing short of self-sabotage': Watchdog warns about national debt setting new record in just 4 years | Fortune

Non-profit organizations
fromNextgov.com
4 days ago

OMB seeks details from agencies on their commercial buying, or lack thereof

Agencies must report non-commercial contract awards to comply with Trump's executive order prioritizing commercial acquisitions.
New York City
fromwww.amny.com
3 days ago

Speaker Julie Menin says Council can back big priorities without blowing the budget | amNewYork

Menin defends higher pay for paraprofessionals and revised home care bill as fiscally responsible, emphasizing long-term savings over upfront costs.
#student-loans
Higher education
fromwww.businessinsider.com
3 days ago

Student-loan borrowers kicked off Biden's affordable repayment plan need more time to prep for higher bills, lawmakers say

Democratic lawmakers urge for an extension on the timeframe for student-loan borrowers to switch repayment plans to avoid higher payments.
Higher education
fromwww.businessinsider.com
2 weeks ago

Trump's Treasury is taking over millions of student-loan accounts. Obama tried this, and it didn't succeed.

The federal student-loan portfolio is being transferred to the Treasury Department, raising challenges for borrowers, especially those in default.
Washington DC
fromNextgov.com
4 days ago

GSA and OPM will soon share the same headquarters

GSA and OPM will co-locate in a renovated building to enhance collaboration and reduce federal real estate occupancy.
US news
fromArs Technica
5 days ago

Pentagon pulls the plug on one of the military's most troubled space programs

The Pentagon canceled the OCX program for GPS control due to insurmountable issues after 16 years and nearly $8 billion in costs.
#us-debt
Business
fromFortune
6 days ago

The explosion of U.S. debt is wiping out the 'safety premium' of Treasury bonds, and time is running out for an orderly fiscal solution, IMF warns | Fortune

Soaring U.S. debt is eroding the risk advantage of Treasury bonds, leading to higher borrowing costs globally.
US politics
fromFortune
1 month ago

It took 200 years for national debt to hit $1 trillion, annual interest alone now exceeds that-a 'crushing legacy we must reverse,' says budget chair | Fortune

The U.S. debt has surpassed $39 trillion, posing a significant threat to the nation's future and requiring urgent financial reform.
Business
fromFortune
6 days ago

The explosion of U.S. debt is wiping out the 'safety premium' of Treasury bonds, and time is running out for an orderly fiscal solution, IMF warns | Fortune

Soaring U.S. debt is eroding the risk advantage of Treasury bonds, leading to higher borrowing costs globally.
US politics
fromFortune
1 month ago

It took 200 years for national debt to hit $1 trillion, annual interest alone now exceeds that-a 'crushing legacy we must reverse,' says budget chair | Fortune

The U.S. debt has surpassed $39 trillion, posing a significant threat to the nation's future and requiring urgent financial reform.
US politics
fromAbove the Law
1 day ago

US Going Deeper Into The Red Now That The IRS Is Sharing Tax Data With ICE - Above the Law

Immigrants significantly contribute to the US economy, helping to offset national debt and budget deficits despite lower hourly wages.
Healthcare
fromwww.mediaite.com
1 week ago

That's Laughable!' Democrat Goes Off On Trump OMB Director's Reasoning For 15 Million Americans Losing Healthcare

Rep. Brendan Boyle challenged OMB Director Russell Vought on healthcare coverage loss for millions due to Trump's policies during a House Budget Committee hearing.
SF politics
fromFortune
3 days ago

America's national debt is heading to 175% of GDP. Here's why no president-including Trump-has the will to stop it | Fortune

Trump's proposed Fiscal 2027 Budget increases defense spending by 40% while cutting non-defense spending, leading to a significant deficit and debt growth.
New York City
fromwww.amny.com
4 days ago

NYC government has nearly 14,000 job vacancies. Is City Hall better off not filling them amid a budget crisis? | amNewYork

City Council and City Hall are addressing a $5.4 billion budget shortfall with creative solutions and proposed tax measures.
fromNextgov.com
1 week ago

OMB's examination of Mythos is 'not giving access to anything to agencies,' official says

OMB is not giving access to anything to agencies, according to a spokesperson, despite the administration's interest in the powerful Mythos AI model that identifies digital vulnerabilities.
Washington DC
#us-budget
US politics
fromFortune
2 weeks ago

Why Trump's FY 2027 budget could be the document that triggers a debt crisis | Fortune

The U.S. government's budget for Fiscal Year 2027 presents a risky outlook with significant spending increases and unrealistic economic growth assumptions.
US politics
fromFortune
2 weeks ago

Why Trump's FY 2027 budget could be the document that triggers a debt crisis | Fortune

The U.S. government's budget for Fiscal Year 2027 presents a risky outlook with significant spending increases and unrealistic economic growth assumptions.
fromFortune
6 days ago

The director of the Congressional Budget Office-known for its gloomy national debt data-is very optimistic that a crisis will be avoided entirely | Fortune

Public debt stands at more than $39 trillion, with the interest expense on that borrowing now exceeding $1 trillion a year, highlighting the urgent need for a sustainable fiscal path.
SF politics
US politics
fromIntelligencer
2 days ago

The GOP's Dilemma: Pass ICE Funding Now or Make Bill Even Worse

Senate passed a $70 billion budget resolution for immigration enforcement, setting up a reconciliation bill amid Republican divisions.
Washington DC
fromNextgov.com
1 week ago

House Dems: OPM 'omitted' employee departures from retirement backlog investigation

House Democrats criticize OPM for incomplete responses regarding the federal retirement backlog, which has exceeded 50,000 pending cases.
Law
from24/7 Wall St.
3 weeks ago

Dave Ramsey Tells Tutor With $24,000 IRS Debt to Pay the Government First in Her $94,000 Debt Snowball

Prioritize IRS debt over other debts due to its unique enforcement powers and penalties.
US politics
fromPOLITICO
3 days ago

Senate Republicans clear go-it-alone path for ICE funding

Republicans prioritize funding for immigration enforcement over expanding social programs in the budget resolution.
Careers
fromFast Company
3 weeks ago

The hidden budget line destroying your bottom line

High employee turnover costs companies between $1.1 million and $4.4 million annually due to poor hiring decisions.
#us-government
Washington DC
fromFortune
1 week ago

'We have to be able to walk and chew gum' on government spending, says budget chairman, addressing both debt crisis and national security demands | Fortune

The U.S. government faces funding challenges for mandatory spending and military endeavors, with disagreements over DHS funding complicating the budget process.
US politics
fromFortune
1 month ago

The Treasury just declared the U.S. insolvent. The media missed it | Fortune

The U.S. government is insolvent, with liabilities far exceeding assets and significant unfunded obligations.
Washington DC
fromFortune
1 week ago

'We have to be able to walk and chew gum' on government spending, says budget chairman, addressing both debt crisis and national security demands | Fortune

The U.S. government faces funding challenges for mandatory spending and military endeavors, with disagreements over DHS funding complicating the budget process.
US politics
fromFortune
1 month ago

The Treasury just declared the U.S. insolvent. The media missed it | Fortune

The U.S. government is insolvent, with liabilities far exceeding assets and significant unfunded obligations.
US politics
fromwww.aljazeera.com
3 days ago

Trump calls for Republicans to unify around budget reconciliation push

Budget reconciliation allows Republicans to bypass Democratic opposition for immigration funding with a simple majority in the Senate.
#tax-refunds
US politics
fromFortune
4 days ago

How Trump's war screwed you out of your Trump tax refund: Wall Street has the receipts | Fortune

The Iran war has negated the economic benefits of recent tax refunds for many Americans.
US politics
fromFortune
4 days ago

How Trump's war screwed you out of your Trump tax refund: Wall Street has the receipts | Fortune

The Iran war has negated the economic benefits of recent tax refunds for many Americans.
Right-wing politics
fromEsquire
3 weeks ago

Republicans Have Come up With the Worst Budgeting Idea Possibly Ever

Republicans are considering health spending cuts to fund a budget bill for the Iran war and immigration enforcement, risking political backlash.
SF politics
fromPOLITICO
3 weeks ago

'Paradigm shift:' How Trump's budget request will keep everyone guessing

The Supreme Court's decision on pocket rescissions could significantly impact budget negotiations and the power of the Office of Management and Budget.
fromFortune
1 month ago

Americans spend $146 billion and 11.6 billion hours doing their taxes, and most of it is just filling out paperwork | Fortune

These figures reflect what we see every day. Compliance isn't difficult because people are careless—it's difficult because it's fragmented, deadline-driven, and overwhelmingly manual.
Deliverability
US politics
fromPOLITICO
1 week ago

House Republicans blame White House for Hill FISA mess

House ultraconservatives blocked Trump's plan for an 18-month extension of warrantless surveillance without reforms, blaming the White House for delays.
fromNextgov.com
1 week ago

Sessions introduces bill to set up a new Treasury fraud watchdog

"During COVID, we learned that it is far too easy to commit fraud in federal programs. We also learned that once the money goes out the door to a fraudster, the vast majority is gone for good."
US politics
Washington DC
fromTruthout
3 weeks ago

Trump Budget Boosts War Spending While Slashing Domestic Programs

The Trump administration's fiscal 2027 budget requests a 43% increase in defense spending and a 10% decrease in non-defense funding.
SF politics
fromNextgov.com
3 weeks ago

Trump's FY27 budget makes both boosts and cuts to tech operations

The FY27 budget proposal significantly cuts funding for cybersecurity, reflecting ongoing efforts to reduce the Cybersecurity and Infrastructure Security Agency's resources.
US politics
fromTruthout
1 week ago

OMB Head Russ Vought Refuses to Provide Financial Estimates on Iran War Costs

Costs of the war on Iran may exceed $1 trillion, but OMB Director Russell Vought refused to provide specific estimates during congressional hearings.
New York City
fromwww.amny.com
1 month ago

NYC BUDGET: City Hall approves first round of savings after Mamdani told agencies to tighten belts | amNewYork

Mayor Zohran Mamdani's administration identified over $1.7 billion in savings to address NYC's budget gap through various efficiency measures.
Washington DC
fromNextgov.com
3 weeks ago

Civilian agencies face 10% cuts in Trump's 2027 budget

President Trump proposed a $2.2 trillion fiscal 2027 budget with increased defense spending and cuts to non-defense agencies.
US politics
fromThe Atlantic
1 week ago

America's Insane Tax-Filing Process

The U.S. tax system requires individuals to file taxes themselves despite the IRS having most necessary information.
US politics
fromAxios
1 week ago

Scoop: Collins plans to grill six Cabinet officials on Trump's budget

Bipartisan appropriations talks are being encouraged as an alternative to reconciliation for funding government agencies.
US politics
fromwww.businessinsider.com
2 weeks ago

What bets are lawmakers and staffers making on prediction markets? They're not required to tell us.

Federal officials must disclose stock trades, but prediction market trades lack similar transparency, raising concerns about insider trading.
Fundraising
fromBusiness Matters
2 months ago

Which Grant Management Tools Are Best for Government Agencies?

Cloud-based grant management software helps government agencies organize workflows, track metrics, run reports, improve recordkeeping, and support implementation through configurable products and vendor support.
US politics
fromFortune
3 weeks ago

A $10 billion 'slush fund' to pay TSA agents: Trump's latest unilateral loophole, explained | Fortune

Political power in the U.S. is constitutionally vested in Congress, but Trump's actions during the government shutdown challenge this principle.
SF politics
fromFortune
1 month ago

America's $38 trillion debt crisis is already here. The reckoning comes next | Fortune

Despite strong economic indicators, the U.S. faces a critical fiscal crisis with national debt projected to reach 120% of GDP within a decade, requiring urgent bipartisan reform before gradual decline becomes sudden collapse.
fromTheregister
1 month ago

UK Treasury unsure about joining 1.7B program it is funding

In principle, all the departments are supportive of the Shared Services Strategy. However, HM Treasury and the Department for Education (DfE), who currently have modern ERPs and are both in the Matrix cluster, have indicated they would welcome more information through the business case about likely costs for them before they assess that onboarding is feasible and value for money.
UK politics
fromPortland Mercury
2 months ago

Portland Housing Bureau Finds Millions More in Unspent Funds

The Portland Housing Bureau has found additional unspent dollars in its coffers, adding to the previous $21 million it found through an audit last year. It is unclear exactly how much money is in the fund, but Council President Jamie Dunphy called councilors over the weekend to tell them they would soon learn of the specifics of what was found in the Housing Investment Fund. He told the Mercury February 2 that he did not yet know how much total funding was available.
Portland
#government-shutdown
UK politics
fromwww.bbc.com
2 months ago

Reform plans to keep UK's budget watchdog

Reform UK will retain the Office for Budget Responsibility, reform it rather than abolish it, and commit to maintaining Bank of England independence.
#dhs-funding
US politics
fromAxios
4 weeks ago

House passes short-term DHS funding bill

The Senate passed a DHS funding bill excluding ICE and CBP, while the House proposed a stopgap that fully funds these agencies.
US politics
fromAxios
4 weeks ago

House passes short-term DHS funding bill

The Senate passed a DHS funding bill excluding ICE and CBP, while the House proposed a stopgap that fully funds these agencies.
fromNextgov.com
1 month ago

Vought takes aim at GAO in new guidance

Doing so has failed to prioritize agency internal control processes to adequately protect American taxpayer dollars, leading to documented examples of widespread abuse. Prior versions of OMB's guidance have overly deferred to the direction and priorities of external entities whose views are not binding on the Executive Branch, such as the Government Accountability Office.
Washington DC
Washington DC
fromAdvocate.com
1 month ago

Pentagon spent more on lobster in one month than it did on trans health care all year

The Department of Defense spent $93.4 billion in September 2025, including millions on luxury items like lobster, steak, and a grand piano, while arguing transgender military healthcare is financially burdensome.
US politics
fromAxios
1 month ago

Washington ignores America's fiscal cliff

Recent policy developments are worsening the U.S. fiscal situation, with projected deficits and soaring public debt over the next decade.
US politics
fromFortune
1 month ago

The Trump Administration's proposed capital gains tax cut could add nearly $1 trillion to the national debt within the decade, think tank warns | Fortune

The Trump Administration is considering capital gains tax indexation that could add $170-$950 billion to the national debt by 2035, raising concerns about deficit spending amid record debt levels.
#federal-deficit
fromFortune
1 month ago
US politics

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves' | Fortune

fromFortune
1 month ago
US politics

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves' | Fortune

US politics
fromNextgov.com
2 months ago

Contract reviews continue at OMB, official says

OMB is leading a government-wide review to cull and reform IT contracts, emphasizing commodity IT and empowering CIOs in procurement and budgeting.
US politics
fromwww.aljazeera.com
2 months ago

CBO: US Federal deficits and debt to worsen over next decade

U.S. federal deficits and debt are projected to rise substantially over the next decade due to increased spending, higher debt service, tariffs, and immigration policies.
fromwww.npr.org
2 months ago

The Education Department's efforts to fire staff cost over $28 million, watchdog says

A new report from a government watchdog suggests the Trump administration's efforts to fire staff at the U.S. Department of Education cost taxpayers tens of millions of dollars. The report, from the nonpartisan U.S. Government Accountability Office (GAO), focuses on the department's Office for Civil Rights (OCR), which investigates complaints of discrimination in schools based on students' sex, race, national origin, disability and more.
US politics
#dhs-shutdown
US politics
fromwww.npr.org
2 months ago

Congress is nearing a final vote to end a short-lived, partial government shutdown

Congress approved a $1 trillion spending package funding most agencies through September while extending Homeland Security funding only until Feb. 13.
US politics
fromwww.theguardian.com
2 months ago

US House passes $1.2tn funding bill, ending partial government shutdown

The House approved a $1.2tn appropriations bill ending a partial government shutdown while Democrats press for ICE oversight measures amid a surge in immigration enforcement.
US politics
fromPOLITICO
2 months ago

Congress ends shutdown, approves $1.2T in funding - and sets up DHS cliff

Congress passed a trillion-dollar funding package awaiting the president's signature while DHS funding depends on new mandates by Feb. 13 or faces another lapse.
fromInside Higher Ed | Higher Education News, Events and Jobs
2 months ago

How Congress's Budget Could Hamper Trump ED Agenda

These new restrictions-which can be found throughout the appropriations bill for the Department of Education and other sections of the 11-part funding package that was signed into law last week-are part of what policy experts describe as a bipartisan attempt to rebuke the Trump administration's budget proposal and restore Congress's power of the purse. Historically, the language of these budget bills has largely stayed the same, serving as little more than a template into which lawmakers plug that year's dollar amounts and policy riders.
US politics
US politics
fromNextgov.com
2 months ago

'Setting this agency up for failure': Amid staffing crunch, IRS taps employees with no relevant experience to assist during filing season

IRS is reassigning experienced non‑tax employees to entry‑level phone and tax‑return processing roles due to severe workforce cuts ahead of filing season.
fromThe Verge
1 month ago

Democrats to introduce bill aimed at resurrecting IRS Direct File

According to Sen. Warren, TurboTax parent company Intuit donated more than $1 million to Trump's inauguration and has lobbied heavily against the program. (Companies like TurboTax offer similar tax filing services, but for a fee.)
US politics
US politics
fromNextgov.com
2 months ago

Senators demand to know the IRS' path forward following the end of Direct File

Senators Warren and King are investigating the Trump administration's ending of IRS Direct File and the return to Free File reliance on private tax-prep companies.
US politics
fromFortune
2 months ago

$56 trillion national debt leading to a spiraling crisis: budget watchdog warns the U.S. is walking a crumbling path | Fortune

Federal debt is on an unsustainable path, projected to surge to record levels and require immediate, significant deficit reduction to avoid a fiscal crisis.
US politics
fromPOLITICO
2 months ago

House infighting will complicate brewing Senate spending deal

Senators consider a DHS-only stopgap to avoid a government shutdown while immigration enforcement restrictions and remaining appropriations are negotiated, with party divisions shaping support.
fromBusiness Insider
2 months ago

The Marines pulled off another clean audit. The rest of the US military still hasn't.

The Department of Defense, which was recently authorized to receive a new annual budget of nearly $840 billion a year and could see a substantial increase to $1.5 trillion under the current Trump administration, has consistently failed to pass an audit since audits became legally required for the military in 2018. Pentagon officials hope the military can get its books in order across the services and pass one by 2028.
US politics
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