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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... -
$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... -
Pell Grant Program Still Faces Large Shortfall, Despite One-Time Fix
Read moreThe Pell Grant program faces a large funding gap, despite the one-time infusion of funding enacted as part of the One Big Beautiful Bill Act (OBBBA)... -
What You Need for the End of the Fiscal Year
Read moreUpdated 11/17/25: After 43 days, the latest government shutdown ended on November 12 with a funding measure that provides full-year Agriculture... -
Tariff Dividends Could Cost $600 Billion Per Year
Read morePresident Trump proposed paying a dividend of “at least $2,000 a person” with new tariff revenue in a post on Truth Social this weekend. The post... -
Government Reopening Proposal Would be the Costliest in History
Read moreSome lawmakers have called for increasing federal health care spending by $1.5 trillion to permanently extend the expiring enhanced Affordable Care... -
CRFB Floats “Break Glass Plan" for Next Economic Shock
Read moreWith our national debt currently at 100 percent of Gross Domestic Product (GDP), America has never entered any kind of economic emergency as indebted... -
Appropriations 101
Read moreNote: This paper has been updated here. What are appropriations? How does Congress determine the total level of appropriations? How does Congress... -
Government Shutdowns Q&A: Everything You Should Know
Read moreFiscal Year (FY) 2025 will end on September 30, and Congress has so far enacted zero of the 12 full-year appropriations bills to fund the government... -
A Second Reconciliation Bill Should Reduce Deficits
Read moreAs Congress considers the possibility of a second reconciliation bill, lawmakers should ensure it reduces deficits rather than adds to them as the... -
Appropriations Watch: FY 2025
Read moreNote: For the latest fiscal year, click here . Updated 7/31/25: On July 24, President Trump signed a recissions package which rescinds $9 billion in... -
What's In the One Big Beautiful Bill Act?
Read moreNote: This blog was updated on 8/4/25 to reflect CBO's newly-released estimates of the permanent cost of certain expiring tax provisions in OBBBA. The...