Congress returns with a December funding deadline after averting a shutdown
Congress returned to Washington with federal agencies funded through December 11, but lawmakers still must finish FY2027 spending bills or pass another stopgap.
Federal Budget
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Speaker Johnson says Trump’s $5,000 dividend needs Congress
House Speaker Mike Johnson says Congress must approve Trump’s proposed $5,000 dividend, which remains unfunded and lacks eligibility, timing and legal details.
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Treasury raises quarterly borrowing estimate to $739 billion
Treasury raised its July-to-September borrowing estimate by $68 billion as CBO put the 2026 deficit at $2.1 trillion, with implications for rates.
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Education Department Holds Tribal Consultations on 2027 Grants and 2028 Budget Priorities
Education and Interior held August consultations with tribal leaders on grantmaking and budget priorities. Written comments are due Sept. 28 and 29.
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Senate funding bill would push shutdown deadline to Dec. 11
The Senate passed a temporary funding bill for Dec. 11, but the House must still act before Sept. 30 because the measure is not yet law.
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Treasury to double selected long-term bond buybacks Sept. 9
Treasury will raise selected long-term bond buybacks to at least $4 billion per operation beginning Sept. 9, but the move will not reduce federal debt.
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CBO: Tariff changes add $900 billion to projected deficits
CBO says tariff-policy changes through July 31 will raise projected federal deficits by $900 billion over fiscal years 2027-2036, as customs revenue falls.
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Smithsonian Budget Request Would Fall 11% as Congress Weighs Funding
The Smithsonian is seeking $961.3 million for fiscal 2027 as Congress debates funding, museum construction and the institution’s independence.
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Senate funding vote moves deadline to Dec. 11, but bill is not law
The Senate voted 90-6 on a stopgap funding bill, but the House and president must still act before the proposed December 11 deadline takes effect.
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GAO Warns Federal Debt Has Surpassed the Size of the U.S. Economy
The Government Accountability Office says publicly held federal debt temporarily exceeded the size of the U.S. economy and could reach 120% of the economy by 2036 without policy changes.
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CBO’s July Budget Review Is Listed, but Deficit Figures Are Not Included
The Congressional Budget Office lists a July 2026 budget review, while the latest completed report showed a $1.4 trillion deficit through June.
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CBO estimates Trump’s 2027 budget proposals would reshape federal spending through 2036
A new Congressional Budget Office analysis places the president’s fiscal 2027 budget request against a federal deficit projected at $1.9 trillion this year and rising debt burdens through 2036.
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Senate Funding Deal Moves Forward as IRS Rolls Out Automatic Tax-Penalty Relief
Senate leaders reached a funding agreement intended to prevent a federal shutdown, while the IRS began moving eligible taxpayers toward automatic penalty relief.
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Senate passes stopgap funding bill to avert another shutdown before the midterms
The Senate voted 90-6 on Aug. 8 for a short-term funding measure intended to keep federal agencies operating beyond the midterm elections and into early December. The House must still approve it before it can reach President Donald Trump.
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Senate leaders unveil stopgap funding deal aimed at keeping federal agencies open past midterm elections
Senate leaders unveiled a short-term spending bill on August 2 that would keep federal agencies funded past the November midterm elections and into early December, but the proposal is not yet law.
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Senate leaders unveil short-term funding plan aimed at pushing shutdown risk past midterms
Senate leaders introduced a proposal on Aug. 2 to fund federal agencies into early December, but the measure still requires congressional approval and presidential enactment.
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CBO estimates federal deficit reached $1.4 trillion through first nine months of fiscal 2026
The Congressional Budget Office says the federal deficit was $35 billion higher than during the same period last year, as outlays grew faster than revenues.
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CBO Estimates $1.2 Trillion Federal Deficit Through First Eight Months of Fiscal 2026
The Congressional Budget Office says the federal deficit reached an estimated $1.2 trillion through the first eight months of fiscal 2026, with revenues rising faster than outlays compared with the same period last year.
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Senate leaders announce funding agreement as lawmakers seek to avoid another shutdown
Senate leaders announced a bipartisan funding agreement on Aug. 2, but the measure still faced a Senate vote, House consideration and possible presidential action.
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CBO schedules Aug. 10 budget review as federal deficit reaches $1.2 trillion
The Congressional Budget Office says the federal deficit totaled $1.2 trillion through the first eight months of fiscal year 2026, with revenues up $174 billion and outlays up $57 billion.
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CBO Projects $33.6 Trillion in Health Insurance Subsidies by 2036
CBO projects $33.6 trillion in federal health insurance subsidies through 2036, while the uninsured population rises from 30 million to 37 million.
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What Congress’s August Recess Could Mean for Federal Workers
Congress is weighing competing funding extensions before its August recess. Here is what the December deadlines could mean for workers and services.