As has been pointed out repeatedly in the past few years, United States Postal Service (USPS) management continues to struggle mightily to enact efficiencies or carve out savings from its operations. And this continues to be the case despite the dramatic drop in mail volume and USPS Postmaster General (PMG) Megan Brennan’s regular declarations and […]
The Senate Budget Committee’s Chairman has introduced a new budget scorekeeping report on the Budget Committee’s website to provide a regular accounting of budget developments.
An already grim fiscal outlook grew worse in the Congressional Budget Office’s (CBO) update to its Budget and Economic Outlook for 2019 to 2029. CBO estimates a 2019 deficit of $960 billion, a $64 billion increase from its May projection. Trillion-dollar deficits will resume in 2020, two years earlier than expected, and will reach all-time […]
The U.S. government is currently over $22 trillion in debt, a fact some of the bill’s Republican opponents raised during debate.
House Democrats and the President have reached a deal that would raise discretionary spending caps by $320 billion over the next two years with less than a quarter in offsets. This agreement totally abandons the government’s fiscal responsibility. Today, CCAGW president Tom Schatz urged the Congress to reject the deal. As it is currently written, […]
Concerns are rising in Washington regarding the status of an agreement between House Speaker Nancy Pelosi (D-Ca.) and the White House to raise the discretionary spending caps imposed by the Budget Control Act of 2011. If nothing is done, the government will run out of funding and have to shut down on October 1, 2019. […]
The decision announced today in favor of the Department of Defense (DOD) in the U.S. Court of Federal Claims case challenging the $10 billion Joint Enterprise Defense Infrastructure contract likely means that it will be awarded shortly to a single vendor. As Citizens Against Government Waste (CAGW) and other taxpayer groups have argued in a […]
With looming trillion-dollar deficits, it’s time for the federal government to learn a thing or two about budget process reform and other cost-savings measures from state governments. Fundamentally, the federal budget process is similar to state budgets in that they acquire revenue, mostly through taxes, and spend it in ways that legislators see fit. A […]
This week, the Congressional Budget Office (CBO) released its 2019 Long-Term Outlook which corroborated that the United States current rate of spending is unsustainable. CBO warns the nation’s mounting debt heightens the risk of a fiscal crisis and will slow income growth, place upward pressure on interest rates, and weaken the ability to respond to […]
Even with the national debt at more than $22 trillion and trillion-dollar annual deficits beginning in fiscal year (FY) 2022, Congress continues full-speed ahead towards another fiscal disaster. This week’s poor spending decision comes from H.R. 2740, an appropriations “megabus.” According to the Congressional Budget Office (CBO), H.R. 2740 would appropriate $982.8 billion. That’s $61.5 […]
