federal budget
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fortune.comHouse 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 HeraldWestern 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.comTrump 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.pkWhite 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.
msnbc.comSenate 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.
thehindubusinessline.comU.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.
salon.comRepublicans 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 HeraldBob 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…
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.
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.
ForbesSenate 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…
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.comSenate 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 ExaminerU.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.comNew 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.
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.comU.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.
Fox NewsSenate 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.
ForbesJeff 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.
tass.comAustralian 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…
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.comActing 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.
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 NewsSenate 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.comAustralian 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.comPSLF 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…
realitytea.comTrump 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.orgNonprofit 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…
FortuneSenate 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 reviewSenate 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…
theepochtimes.comOpposition 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 HeraldAustralia 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.comLawmaker 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 GuardianAlbanese 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 NewsSenate 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 NewsSenate 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…
realitytea.comU.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 NewsSenate 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…
NewsweekVA 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.comPentagon 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.
SemaforDemocrat 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.comSecret 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.orgU.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.
macrobusiness.com.auAustralia Targets Property Investors With Negative Gearing and Capital Gains Tax Changes in 2026 Budget
The 2026 federal budget includes measures targeting property investors through adjustments to negative gearing and capital gains tax. Economics writer Millie Muroi examined whether the changes will help prospective home buyers. The Sydney Morning Herald reported the measures form…
traveldailymedia.comWestern Australia Resources Sector Welcomes Unchanged Mining Tax Settings in Federal Budget
The federal budget allocates $552 million to upgrades for Anketell Road in Western Australia as part of transport infrastructure spending focused on the proposed Westport precinct. It also includes significant defence spending over the next decade. The resources industry welcomed…
The Sydney Morning HeraldAlbanese Government Plans Changes to Negative Gearing and Capital Gains Tax
Prime Minister Anthony Albanese, Treasurer Jim Chalmers and Finance Minister Katy Gallagher began discussions in November on options to alter negative gearing, the capital gains tax discount and trusts. The moves would reverse election commitments made by Albanese.
Australia Allocates $105.9 Million for AI Tool to Speed Housing Approvals
The federal budget to be released Tuesday evening includes $105.9 million over four years to develop an artificial intelligence tool that will assist with environmental assessments for housing and energy projects. The funding forms part of a broader package to increase housing su…
azernews.azTrump Administration Proposes Contradictory Overdose Prevention Policies
The administration has moved to end federal funding for fentanyl test strips while continuing to support naloxone. It has also proposed $10 billion in budget cuts to addiction and overdose prevention programs even as it released a new National Drug Control Strategy. The moves hav…
Federal Budget Allocates $2 Billion for Local Infrastructure to Support New Housing
Treasurer Jim Chalmers will unveil the $2 billion fund on Tuesday alongside capital gains tax and negative gearing changes. The program builds on a prior $1 billion allocation and contrasts with the Coalition's $5 billion 2025 election pledge. It aims to deliver an extra 65,000 h…
naturalnews.comSenate Republicans Propose $72 Billion for Immigration Enforcement and White House Ballroom Security
Senate Republicans released two funding bills that would provide $72 billion over 10 years for immigration enforcement and related security measures. The proposal includes $1 billion for Secret Service security features tied to a White House ballroom project. The Congressional Bu…
Washington ExaminerRepublicans Add $1 Billion for White House Security to $70 Billion Immigration Enforcement Bill
The funding would support above-ground and below-ground security features tied to the East Wing Modernization Project, officially the name for planned ballroom construction. President Donald Trump defended the project's revised $400 million price tag, saying it is coming in under…
ksl.comAustralian Officials Criticize Private Evidence from Tobacco Company in Parliamentary Inquiry
An assistant minister expressed surprise that Philip Morris International provided evidence in private to a federal inquiry on illicit tobacco. Separately, the government plans to curb negative gearing, overhaul capital gains tax discounts, and introduce new tax rules for trusts…
ABC NewsHouse Passes Bill for Partial DHS Funding
The U.S. House voted to fund most of the Department of Homeland Security but excluded its immigration enforcement operations, sending the bipartisan package to President Trump. This action ends the longest agency shutdown in history, which began after disputes over immigration po…
The Boston GlobeTrump Administration Terminates All 22 National Science Board Members
The Trump administration terminated all 22 members of the National Science Board via email on April 24, 2026. The board oversees the National Science Foundation and advises on science policy. The move follows prior efforts to cut NSF funding and restructure the agency.
Substrate placeholder — needs reviewIRS Staffing Declined 27% in 2025 with Further Cuts Proposed
The Internal Revenue Service experienced a significant reduction in staffing levels during 2025. A new budget proposal seeks additional position eliminations. This would result in the agency's lowest staffing in the modern era.
Substrate placeholder — needs reviewAustralian Rents Increase $30 Weekly in Q1 2026 Amid Record-Low Vacancy Rates
Median advertised rents in Australian capital cities reached $680 a week in the first quarter of 2026, up $30 from the prior period, according to Realestate.com.au data released Tuesday. The national vacancy rate fell to 0.7%, with record lows in major cities. Separately, Health…
Substrate placeholder — needs reviewTrump Advances Iran Talks, Defends Budget, Signs Defense Startup Bill
President Donald Trump stated that Iran has agreed to most terms in ongoing negotiations, potentially signing a deal in Islamabad. Meanwhile, White House budget director Russell Vought defended the fiscal year 2027 budget amid a contentious House hearing, and Trump signed legisla…
news.sky.comCongress Faces Prolonged Government Shutdown Involving DHS Funding
Congress is dealing with an extended shutdown of the Department of Homeland Security due to funding disputes. Political divisions have led to prolonged negotiations. The situation raises concerns about broader government funding issues.
Substrate placeholder — needs reviewUS Monthly Interest Payments on National Debt Reach $88 Billion, Matching Defense and Education Spending
The United States spends $88 billion per month on interest for its national debt, an amount equivalent to its monthly expenditures on defense and education combined. This figure was highlighted by Maya MacGuineas, president of the Committee for a Responsible Federal Budget. She u…
Substrate placeholder — needs reviewCanadian Government Announces $51 Billion Infrastructure Fund Over Decade
Prime Minister Mark Carney detailed a federal plan to allocate $51 billion for infrastructure improvements across Canada over the next 10 years. The Build Communities Strong Fund, introduced in the 2025 budget, targets roads, bridges, water systems, and community projects. Initia…