Topic
Federal Budget
60 stories related to this topic, newest first.
cnet.compolitics1 day ago
Social Security Trust Fund Projected to Deplete in Six Years
The program's main trust fund is on track to run out within six years. Officials have not announced any changes to benefits or funding.
ABC Newspolitics16 hrs ago
Social Security Retirement Trust Fund Projected to Deplete in 2032
An annual trustees report released Tuesday moved the projected depletion date for Social Security's main retirement fund forward by one year to 2032. Medicare's hospital insurance trust fund remains on track to exhaust reserves in 2033.
Los Angeles Timesbusiness1 day ago
Social Security Retirement Trust Fund Solvent Until 2032, Trustees Report
An annual trustees report released Tuesday moved the projected depletion date for Social Security's retirement trust fund forward one year to 2032. Medicare's hospital insurance trust fund remains on track to exhaust reserves in 2033.
theyeshivaworld.comworld1 day ago
Social Security Trustees Project 22% Benefit Reduction After Trust Fund Depletion in 2032; 78% of Benefits Continue
The program's Old-Age and Survivors Insurance fund is now expected to run out one year earlier than last year's forecast. Beneficiaries would receive 78 percent of scheduled payments after that date.
nbcnews.compolitics3 days ago
Problem Solvers Caucus Co-Chairs Oppose President’s $1.8 Billion Anti-Weaponization Fund
Republican Rep. Brian Fitzpatrick and Democratic Rep. Tom Suozzi appeared on CNN June 7 to outline bipartisan opposition to the President's proposed allocation.
Washington Examinerpolitics6 days ago
Treasury Secretary to Testify on Proposed Budget Before House Committee
Treasury Secretary Scott Bessent will appear before the House Ways and Means Committee on Thursday for a second day of testimony on President Donald Trump's proposed budget. The hearing follows his Wednesday appearance before the Senate Finance Committee.
foxnews.compolitics6 days ago
Senate Republicans Remove $1 Billion Ballroom Security Provision From Budget Bill
Senate Republicans withdrew a $1 billion funding request for security enhancements at a proposed White House ballroom from a revised budget reconciliation bill. The change was formalized in updated text released by the Senate Judiciary Committee on Wednesday.
ksl.compolitics6 days ago
Senate Approves $70B for Immigration Enforcement
Senate Republicans voted Wednesday to open debate on a $72 billion reconciliation package that funds immigration enforcement agencies through fiscal year 2029. The measure follows a mid-May delay and comes after the administration dropped plans for a compensation fund.
Washington Examinerpolitics7 days ago
Secretary of State to Testify on Fiscal 2027 Budget Before Two Congressional Committees
Secretary of State Marco Rubio will appear before the House Foreign Affairs Committee at 10 a.m. and the Senate Appropriations Subcommittee at 3 p.m. on Wednesday to discuss the State Department's proposed budget.
reviewjournal.comscience7 days ago
Trump Budget Reduces CDC Wastewater Surveillance Funding From $125M to $25M Annually
President Donald Trump's budget plan reduces annual funding for the CDC's National Wastewater Surveillance System from $125 million to $25 million, limiting national coverage after September 30, 2026.
foxnews.compolitics8 days ago
Federal Court Awards Trump $1.8B After IRS Illegal Tax Return Leak
The Justice Department said Tuesday it will not create the fund that had been intended to compensate allies of the president. Officials also confirmed the administration will keep a separate agreement that ended IRS audits of the president.
foxnews.compolitics8 days ago
Some Republicans Object to White House Security Funds and Anti-Weaponization Settlement
Republican lawmakers have raised objections to a proposed $1 billion security package for a new White House ballroom and to a $1.8 billion settlement fund for claims of government weaponization. The disputes have delayed a separate $72 billion immigration enforcement funding meas…
Washington Examinerscience8 days ago
NSF Ends Decade-Long Ocean Observatories Initiative After Collecting Intended Dataset
The agency will recover equipment from four ocean arrays over the next 15 months after an 80 percent funding cut. Real-time data collection will end at the affected sites while archived records remain available.
nbcnews.compolitics9 days ago
Senate Democrats Block $1.8B IRS Tax-Leak Settlement
Senate Democratic Leader Chuck Schumer announced a coordinated effort to eliminate the Trump administration's proposed $1.776 billion anti-weaponization fund. A federal judge issued a temporary block on the fund Friday pending a hearing later this month.
forbes.compolitics9 days ago
U.S. Treasury 10-Year Yield Reaches 4.44 Percent
Interest rates on U.S. government debt have risen since the end of February. Mortgage rates reached nine-month highs and auto sales declined. Economists link the moves to higher inflation expectations and continued large budget deficits.
foxnews.compolitics10 days ago
Senate Republicans Face June 1 Deadline on Immigration Funding Package
Senate Republicans have 53 session days before November midterms and must address immigration enforcement funding and voter identification rules. A second reconciliation package will miss President Trump's June 1 deadline after the Senate parliamentarian struck four provisions.
world10 days ago
Redbridge Poll: One Nation at 31%, Labor 28%, Coalition 20% on Primary Vote
A Redbridge poll published Sunday night found One Nation at 31 per cent of the primary vote, ahead of Labor at 28 per cent and the Coalition at 20 per cent. Assessments of the federal budget were broadly negative across demographics.
fortune.comfinance12 days ago
House Republicans stall on immigration enforcement funding bill
A roughly $70 billion measure to fund immigration enforcement through the end of President Donald Trump's term stalled in the House. Progress halted over White House ballroom security funding and a proposed $1.8 billion fund for government-mistreatment claims.
The Sydney Morning Heraldbusiness13 days ago
Western Australia Private Rental Construction Rises $8 Billion
A Perth property expert said changes to negative gearing could shift investor spending toward new rental housing. The same expert warned that planning delays and costs could limit the effect of the policy shift.
tass.compolitics13 days ago
Trump Administration Budget Allocates No Funds for Homeless Veterans Housing
The federal budget for the current fiscal year contains no dedicated funding for housing homeless veterans. Veteran organizations had expected an executive order to increase resources for this purpose.
techjuice.pkworld15 days ago
White House official says refugee programs cost hundreds of billions
A White House official stated that refugee resettlement programs have cost hundreds of billions of dollars. The official said tightening eligibility rules could help reduce the federal deficit, which stands at $1.8 trillion.
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msnbc.compolitics15 days ago
Senate postpones vote on $70 billion budget package
Republican senators postponed action on a roughly $70 billion budget package that includes funding for immigration enforcement. The delay followed objections to a proposed $1.776 billion compensation fund and a separate $1 billion security allocation.
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thehindubusinessline.comfinance17 days ago
U.S. Debt Interest Projected to Reach 30 Percent of Revenue by 2036
A projection shows annual interest payments on U.S. public debt rising to 30 percent of government revenue by 2036 if the 10-year Treasury yield averages 4.70 percent. The same scenario would push net interest costs to 5.3 percent of GDP.
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salon.comworld18 days ago
Republicans have not defunded Planned Parenthood despite prior pledges
A commentary piece states that Republicans have not ended federal funding for Planned Parenthood. The author argues that pro-life voters may reduce turnout in the November midterms if the issue remains unaddressed.
The Sydney Morning Heraldworld18 days ago
Bob Katter Discusses Mining Expansion and Women's Workforce Participation in Budget Interview
Independent MP Bob Katter spoke with podcaster Victoria Devine about mining policy and family finances during coverage of the federal budget. Katter stated that expanded mining would allow women to stay home and raise children. Devine noted rising numbers of fathers taking parent…
finance18 days ago
Australian Government Defends Tax Changes After Young Voters Protest
The Labor government is facing criticism over budget measures that expand the capital gains tax discount to shares and other assets. Ministers have described complaints as scare campaigns while young investors seek clarification on how the rules apply.
politics18 days ago
Senate postpones vote on $70 billion budget package
Republican senators blocked action on a spending bill that would fund immigration enforcement through 2029. Voting was delayed until next month, missing a June 1 deadline. The measure includes nearly $1.8 billion for an anti-weaponization compensation fund.
Forbespolitics19 days agoUpdated
Senate Delays Vote on $72 Billion Immigration Enforcement Bill Until June
Senate Republicans postponed action on a reconciliation package funding immigration enforcement agencies after internal debate over a proposed $1.8 billion Anti-Weaponization Fund. The chamber will recess for Memorial Day without sending the measure to President Trump by his June…
world20 days ago
Australian Government Announces Budget Measures
The Albanese government encountered criticism after releasing its budget, with opponents highlighting broken promises and changes to capital gains tax rules. Social media activity and statements from business groups amplified objections to the measures.
axios.compolitics20 days ago
Senate Republicans Delay Reconciliation Vote on DHS Funding Package
Senate Republicans postponed a vote on a $72 billion reconciliation package for Department of Homeland Security immigration agencies. Opposition focused on a new Justice Department fund and security funding for White House ballroom renovations.
Washington Examinerpolitics20 days ago
U.S. Government Debt Reached $37.6 Trillion in Fiscal 2025
Total federal debt stood at $37.6 trillion in fiscal 2025, equal to 124 percent of GDP. Annual interest payments reached $970 billion that year.
thoughtcatalog.compolitics21 days ago
New York City Mayor Responds to Jeff Bezos Tax Comments
Mayor Zohran Kwame Mamdani posted a reply to a video clip of Jeff Bezos discussing federal taxes. The exchange centers on whether higher taxes on wealthy individuals would affect public services in New York City.
world21 days ago
Australian Government Announces Tax Reform Proposals
The government is encountering criticism over proposed changes to investment taxes. Officials are working to address concerns from business owners and investors while defending the measures.
news24.comfinance21 days ago
U.S. Treasury Projects $2 Trillion Federal Budget Deficit for Fiscal Year 2026
The Treasury Department and bond market participants project a federal budget deficit of about $2 trillion for fiscal year 2026. The figure exceeds the Congressional Budget Office estimate issued in February and the $1.8 trillion deficit recorded in the prior fiscal year.
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Fox Newspolitics21 days ago
Senate Bill Would Automatically Extend Funding to Avoid Shutdowns
Sens. James Lankford and Maggie Hassan introduced legislation that would extend government funding for 14 days during any lapse and restrict lawmakers' travel and recesses. The measure follows a recent Senate rule change that withholds pay from senators during shutdowns.
Forbesfinance21 days agoUpdated
Jeff Bezos Calls for Zero Federal Income Tax on Bottom Half of Earners
Amazon executive chairman Jeff Bezos said the bottom half of U.S. earners should pay no federal income tax. He argued the change would help lower-income workers and said he would discuss the idea with officials.
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tass.compolitics21 days ago
Australian Budget Changes Investor Tax Rules for Property Purchases
The Australian government limited negative gearing and adjusted capital gains tax for new property investments in its most recent budget. Economists forecast a short-term national decline in home values, the first since 2022. Treasury estimates the measures will allow about 75,00…
world22 days ago
Coalition Plans Campaign to Support Small Businesses After Budget Changes
Shadow Treasurer Tim Wilson will announce the 'Stand with Small' campaign in a National Press Club speech. The move follows business criticism of government capital gains tax changes.
680news.compolitics22 days ago
Acting Attorney General Defends $1.776 Billion Fund for Alleged Political Targeting
Acting Attorney General Todd Blanche testified before a Senate subcommittee on Tuesday about a new fund to compensate individuals who believe they were targeted politically. The hearing also addressed an expanded settlement shielding President Trump from certain IRS actions.
world24 days ago
Government Plans to Cut Private Health Insurance Rebates for Older Australians
The federal government announced plans to reduce private health insurance rebates for people over 65, aligning them with rates for younger Australians. Officials said the change would save about $3 billion over the forward estimates and fund additional aged care services.
Fox Newspolitics24 days ago
Senate Parliamentarian Rejects $1 Billion White House Security Funding
The Senate parliamentarian ruled that $1 billion in proposed security funding tied to the White House ballroom project cannot be included in a budget reconciliation bill. Republicans said they will revise the measure while Democrats vowed to challenge any changes.
washingtonpost.compolitics26 days ago
Australian Government Announces Changes to Negative Gearing and Capital Gains Tax
The federal government has introduced tax reforms limiting negative gearing on existing properties to new builds, adjusting the capital gains tax concession and applying a 30 per cent minimum tax rate to capital gains and family trusts. The measures, announced in the budget on Tu…
cnet.compolitics26 days ago
PSLF Buyback Backlog Stands at 88,000 After Education Department Processes 6,870 Applications in April
The Trump administration released updated PSLF Buyback statistics in a court filing on Wednesday, showing the first decline in the application backlog. The Education Department processed more requests than it received last month while identifying nearly 20,000 duplicate submissio…
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realitytea.compolitics26 days ago
Trump Announces September 2028 Target Opening for White House Ballroom
President Trump said on Friday that the White House ballroom under construction is scheduled to open in September 2028. The announcement marks the first time a target opening date has been provided for the project that began after the East Wing was torn down.
jta.orgfinance26 days ago
Nonprofit Groups Reported Rising Burnout, Funding Challenges and Increased Demand
A report released this week found that 46 percent of nonprofit CEOs surveyed described their own burnout as a very serious concern, up from 29 percent a year earlier. Nearly three-fourths of leaders reported higher demand for services since January 2025, while about 60 percent sa…
Fortunefinance27 days ago
Senate Passes Resolution to Withhold Lawmakers’ Pay During Future Government Shutdowns
Senators voted Thursday to withhold their own salaries whenever a government shutdown occurs, with the measure taking effect after the Nov. 3 general election. Sponsored by Sen. John Kennedy, the resolution aims to create shared sacrifice after two record-length shutdowns in the…
Substrate placeholder — needs reviewworld26 days ago
Senate Passes Resolution to Withhold Pay During Future Government Shutdowns
The U.S. Senate unanimously approved a measure sponsored by Sen. John Kennedy that withholds senators' salaries during any lapse in agency funding, with pay released only after restoration. The resolution takes effect the day after the Nov. 3 general election and does not apply t…
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theepochtimes.compolitics27 days ago
Opposition Leader Promises Tax Bracket Indexing, Migration Cuts and End to EV Incentives
Angus Taylor delivered his first budget reply speech as Liberal leader. The Coalition pledged to index income tax brackets at a cost of $22.5 billion over four years from 2028-29, reduce overseas migration below 200,000 and tie intake to housing construction. Taylor also announce…
The Sydney Morning Heraldbusiness27 days ago
Australia to Impose 30 Percent Minimum Tax on Trust Income From 2028
The federal government announced a 30 percent minimum tax on trusts' taxable income starting July 2028, replacing the current system that allows income splitting among beneficiaries. The change affects more than 840,000 family trusts, with about 90 percent of private trust wealth…
abcnews.go.comworld28 days ago
Lawmaker Questions Interior Department on Reflecting Pool Project and $13 Million Contract
A Democratic lawmaker questioned officials about a reflecting pool project during a congressional hearing. The inquiry focused on the project's costs and a $13 million no-bid contract awarded for related work. The department has not publicly detailed its selection process for the…
The Guardianpolitics28 days ago
Albanese Denies Tax Changes Aimed at New Gen Z Voters
Prime Minister Anthony Albanese said the negative gearing and capital gains tax changes in Tuesday’s federal budget were based on policy merits rather than the addition of 700,000 new gen Z voters to the electoral roll. He defended grandfathering existing negative gearing arrange…
Fox Newspolitics27 days ago
Senate Advances Resolution to Withhold Lawmaker Pay During Government Shutdowns
The Senate voted 99-0 on Wednesday to advance a resolution that would direct the secretary of the Senate to withhold pay from senators during any government shutdown. The measure, introduced by a Republican senator from Louisiana, would take effect only after the November 2026 el…
Fox Newspolitics28 days ago
Senate Advances Resolution to Suspend Lawmaker Pay During Government Shutdowns
The Senate voted 99-0 on Wednesday to advance a resolution that would place senators' pay in escrow during any future government shutdown. The measure, which applies only to the Senate, cannot take effect until after the November midterm elections due to constitutional requiremen…
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realitytea.compolitics28 days ago
U.S. CPI Rises to 3.8% in April as Trump Prioritizes Iran Nuclear Threat
President Donald Trump said his sole focus is preventing Iran from obtaining a nuclear weapon, comments that came as the U.S. Labor Department reported consumer prices rose 3.8 percent in April. Democrats released an ad linking his remarks to proposed cuts in social spending whil…
Nbc Newspolitics28 days ago
Senate Republicans Divided on $1 Billion White House Ballroom Funding After Briefing
Senate Republicans received a private briefing on a proposal to allocate $1 billion in taxpayer funds for a White House ballroom project. Senators expressed questions about the spending breakdown and its effect on the federal deficit. The funding is part of a broader bill to supp…
Newsweekfinance28 days ago
VA Approves $596 Million in Facility Upgrades in Q2 FY2026
The U.S. Department of Veterans Affairs has committed more than $1 billion of its record $4.8 billion facilities budget for 2026, part of the largest annual investment in the department's history. The latest $596 million in approvals will fund repairs to aging hospital systems, p…
naturalnews.compolitics29 days ago
Pentagon Says Iran War Costs Have Risen To $29 Billion
The Defense Department told Congress the conflict with Iran has cost $29 billion so far, an increase of $4 billion from the previous estimate two weeks earlier. Officials attributed the rise to updated equipment repair, replacement and operational expenses.
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Semaforpolitics29 days ago
Democrat Proposes Redirecting $1 Billion From White House Renovation to Law Enforcement Programs
A Democratic senator will propose stripping $1 billion in White House security funding intended for a ballroom and East Wing renovation from a Republican immigration enforcement package. The amendments would redirect the money to programs that support local police hiring, death b…
ksl.compolitics29 days ago
Secret Service Requests $1 Billion for Security Upgrades Including $220 Million for White House East Wing
The Secret Service has requested $1 billion from Congress for various security, technology and training needs. Of that total, $220 million would fund hardening measures for the East Wing Modernization Project that includes a new ballroom. The agency provided a detailed spending j…
kff.orgfinance29 days ago
U.S. Posts $215 Billion Federal Budget Deficit in Latest Monthly Report
The U.S. federal budget recorded a $215.0 billion balance, coming in slightly better than the $220 billion forecast but reversing from the prior month's deficit. The improvement reflects a shift from the previous balance of -$164.0 billion.
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