Appropriations
Latest
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Appropriations Watch: FY 2026
Read moreNote: For the latest fiscal year, click here . Updated 6/11/26: On April 30, the House passed a Department of Homeland Security (DHS) funding bill...
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Appropriations Watch: FY 2027
Read moreThe appropriations process for Fiscal Year (FY) 2027 has begun, with action expected in both the House of Representatives and the Senate. The...
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Appropriations 101
Read moreWhat are appropriations? How does Congress determine the total level of appropriations? How does Congress allocate appropriations? How are...
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Defense Funding Put in Context
Read morePresident Trump has requested $1.5 trillion of defense spending in his Fiscal Year (FY) 2027 budget request, including $1.15 trillion of base funding...
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What’s in the Senate FY 2026 Budget Resolution?
Read moreThe Senate adopted its Fiscal Year (FY) 2026 budget resolution last night, kicking off the reconciliation process. Unfortunately, the budget is about...
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A $1.5 Trillion Defense Budget Could Mean Nearly $7 Trillion in Higher Debt
Read morePresident Trump is expected to release his Fiscal Year (FY) 2027 budget later this week, which may include a proposal to increase the defense budget...
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Break Glass: A Plan for the Next Economic Shock
Read moreThe U.S. has never experienced an economic shock as indebted as we are today. Recessions and other economic shocks are inevitable. Although the timing...
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What Happens If DHS Shuts Down
Read moreFunding for the Department of Homeland Security (DHS) will expire at midnight tonight. Absent a last-minute agreement to fund DHS today, it will...
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Congress Could End Government Shutdown Drama Once and For All
Read moreGovernment funding will expire on January 30, 2026, at which point agencies funded under six of the 12 appropriations bills currently operating under...
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Government Shutdowns Q&A: Everything You Should Know
Read moreFiscal Year (FY) 2026 began with the longest government shutdown in modern history, lasting from October 1, 2025 through November 12, 2025. On...
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Assessing FY 2026 Appropriations
Read moreWithout further appropriations, the federal government faces a partial government shutdown on January 30 as the continuing resolution (CR) funding...
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$1.5 Trillion Military Budget Would Add $5.8 Trillion to Debt Over Decade
Read moreNote: An update to this blog to incorporate an additional year of the budget window as well as higher interest rates can be found here. In a post on...