Finance
Gov't Management and Budget Proposes Automatic Grant Rule Changes
The Office of Management and Budget (OMB) and 41 federal grantmaking agencies have proposed a sweeping overhaul to how roughly $1 trillion in federal...
Finance
Federal Tax Code Leave 37% of Married Couples Paying More in Taxes
A recent CRS report on marriage penalties and bonuses in the federal tax code reveals a fundamental tension: the income tax system cannot simultaneously...
Finance
Athletic Programs Spent More Than They Generated in 2023-2024
A GAO report publicly released August 5, 2026 (GAO-26-108640) documents the scale of financial dysfunction in college athletics: Division I colleges...
Congress
Senate Committee Considers OMB Nominee Amid Impoundment Concerns
The Senate Budget Committee's rescheduled business meeting on federal spending authority reflects ongoing tensions over executive power and the proper use...
Finance
Federal Agencies Trapped by Outdated Rules as Cloud Costs Spiral
Federal agencies are struggling to procure and manage cloud services due to a tangle of outdated regulations, conflicting government guidance, and...
Finance
GAO Updates Federal IT Audit Standards Manual
The federal government audits itself constantly. Inspectors General at dozens of agencies, along with the Government Accountability Office, scrutinize...
Congress
Senate Hears U.S. Postal Service Restructuring Plan
The Postal Service faces an existential cash crisis. At a Senate hearing on June 24, 2026, Postmaster General David Steiner warned the agency could run out...
Government Operations
Healthcare Fraud: Billions Lost, Lives at Stake
Medicare and Medicaid lose tens of billions of dollars each year to fraud, waste, and abuse — and the political pressure to address that drain is...
Finance
Vulnerabilities Surface in Government System Managing Trillions
Every year, the federal government produces a consolidated financial report covering trillions of dollars in revenue, spending, and debt. That report, along...
Government Operations
U.S. Debt Hits WWII-Era Milestone
The United States is staring down a federal debt crisis that has been decades in the making, and the government's own nonpartisan watchdog is now saying, in...
Congress
Commissioners Reject Postmaster's Borrowing Plan
Why it matters: The House Subcommittee on Government Operations convened a Postal Regulatory Commission hearing on June 4 that put the agency's four...
Finance
American Fintech Council Hires Akin Gump for Financial Services
The American Fintech Council has retained Akin Gump Strauss Hauer & Feld LLP to lobby on its behalf, according to a new lobbying registration disclosure...
Finance
Capitol Maintenance Crisis: $2.6B Backlog Faces Budget Cuts
Why it matters: The Senate Legislative Branch Subcommittee held a FY2027 legislative budget hearing on May 12 where senators were told the Capitol campus...
Macroeconomics
General Business Credit Framework Creates Unnecessary Complexity
A quiet but consequential Congressional Research Service report published April 29 is drawing fresh attention to a tax mechanism that touches nearly every...
Finance
Court Ruling Reshapes Self-Employment Tax for Managers
A federal appeals court decision handed down in January is creating serious headaches for the IRS — and potentially opening a significant tax break for fund...
Finance
Is The Federal Government Too Reliant on Short-Term Debt?
The United States is projected to add an average of $2 trillion to its national debt every year through 2036. That is not a worst-case scenario. That is the...
Macroeconomics
Congress Eyes 3% Deficit Cap as US Debt Hits Crisis Level
Why it matters: The House Budget Committee held a hearing on March 26, 2026, to examine whether a 3% deficit-to-GDP ratio could serve as a binding fiscal...
Government Operations
Congress Warns $370B Building Crisis Demands Strategy, Not Speed
Why it matters: The House Appropriations Subcommittee on Financial Services and General Government convened a hearing March 26 on the Federal Buildings Fund...
