The Government Accountability Office has called on Congress to develop a long-term fiscal plan that incorporates fiscal targets and rules and consider alternative approaches that better connect decisions about the debt ceiling
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President Joe Biden has asked Congress to consider amendments to proposed fiscal year 2024 budgets for the departments of Defense, Homeland Security, Agriculture, Education, Transportation, Housing and Urban Development, Environmental Protection Agency
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A Congressional Budget Office infographic shows that the federal budget deficit in fiscal year 2022 reached $1.4 trillion, which is equivalent to 5.5 percent of gross domestic product. CBO said in another
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The Congressional Budget Office has issued a report stating that it is requesting $70.8 million in fiscal year 2024 appropriations, reflecting a 12 percent increase from $63.2 million that CBO secured in
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The Congressional Budget Office has predicted $1.4 trillion in federal budget deficit in 2023 and expects federal debt held by the public to increase from the current 98 percent of gross domestic product
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The Government Accountability Office analyzed the National Science Foundation’s data on federal agencies’ annual research and development spending and found that federal R&D obligations increased by about 30 percent from $138.5 billion
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The Department of Defense completed its fifth annual financial audit and reported that seven component agencies sustained unmodified opinions and one secured a qualified audit opinion. DOD News reported those seven components
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Congress appropriated $65.7 billion in total funds for the Office of the Director of National Intelligence’s National Intelligence Program during fiscal year 2022. NIP is one of the two major components of
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The Department of the Treasury and the Office of Management and Budget reported that the deficit dropped by $1.4 trillion, or 50 percent, to $1.37 trillion in fiscal year 2022 and that
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A Congressional Budget Office report has found 111 authorizations of appropriations that are set to expire before the end of fiscal year 2022 and of those authorizations, 99 are for definite amounts
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