Many federal agencies have plans in place to weather a shutdown, but a disruption would still affect critical government services.
Category: Federal Budget (US)
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U.S. National Debt Tops $33 Trillion for First Time
The fiscal milestone comes as Congress is facing a new spending fight with a government shutdown looming.
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Biden Accuses Republicans of Undercutting Working-Class Americans
President Biden trained his criticism on House Republicans who are threatening to shut down the federal government if their budget cuts are not enacted.
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I.R.S. Deploys Artificial Intelligence to Target Rich Partnerships
The tax agency is opening examinations into large hedge funds, private equity groups, real estate investors and law firms.
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Facing Threats, U.S. Navy Struggles to Modernize Its Ships
A new generation of cheaper and more flexible vessels could be vital in any conflict with China, but the Navy remains lashed to big shipbuilding programs driven by tradition, political influence and jobs.
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I.R.S. Says Cash Influx Has Made Agency Bigger and More Digital
An $80 billion infusion has helped improve customer service, but the tax agency continues to face uncertainty over future funding.
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Biden’s New Student Debt Repayment Plan Could Cost $475 Billion
The report estimates that the plan will slash borrowers’ payments and cost more than President Biden’s recently rejected debt cancellation plan.
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U.S. National Debt Tops $32 Trillion for First Time
The milestone follows a recent congressional showdown over lifting the debt ceiling. Another spending fight looms this year.
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A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff
The government has avoided default, but the effects of the debt-ceiling brinkmanship may still ripple across the economy.
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Biden’s Debt Ceiling Strategy: Win in the Fine Print
The president and his negotiators believe they worked out a deal that allowed Republicans to claim big spending cuts even as the reality was far more modest.