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.
Federal Spending
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GAO Says Federal Agencies Struggle to Match Data Used to Check Award Eligibility
A new Government Accountability Office report says agencies face data-quality and interoperability problems when checking whether recipients qualify for federal awards and payments.
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2026 trustees summary keeps pressure on Social Security and Medicare finances
A new federal trustees summary projects that combined Social Security and Medicare costs will rise from about 5.3% of GDP in 2026 to approximately 6.9% in 2084 before easing to about 6.7%.
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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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GAO says programs handling $1.2 trillion face persistent fraud-management gaps
A new Government Accountability Office review finds continuing weaknesses in fraud-risk controls across 20 federally funded programs administered by states and local governments.
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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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GAO Finds Fraud-Risk Gaps Across $1.1 Trillion in Federal Programs
A July 23 GAO review found that 15 of 20 major state-administered federal programs lacked documented evidence of fully assessing and prioritizing fraud risks.
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GAO flags slow Puerto Rico grid recovery after Hurricane Maria
United States National Accountability Fast Follow — a July 2 GAO report says most of the federal money for Puerto Rico’s grid recovery is still undisbursed, with reviews, staffing gaps and coordination problems slowing progress.
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Trump signs nearly $70B immigration bill, locking ICE, CBP funding through fiscal 2029
Trump signed a nearly $70 billion immigration enforcement bill on June 10, funding ICE, CBP and DHS operations across the country through fiscal 2029.
