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Budget content
Welfare Indicators and GDP
This BEA working paper dives into the nuanced relationship between income inequality and household consumption across U.S. states. While high-income households have grown richer, their extra income hasn’t translated into…
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Fiscal Year 2026 Budget in Brief
The FY 2026 Budget in Brief outlines strategic investments to strengthen U.S. national security, bolster public health, and advance innovation across sectors. Key funding priorities include climate resilience, modernizing infrastructure,…
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Department of State, Foreign Operations and...
The FY 2026 Congressional Budget Justification for the Department of State outlines a sharp realignment of U.S. foreign policy and funding priorities. The proposal significantly reduces overall foreign assistance and…
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Gross Domestic Product (Second Estimate),...
The U.S. economy grew at an annual rate of 1.3% in the first quarter of 2025, according to the second estimate from the Bureau of Economic Analysis. This marks a…
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Executive Order 14271: Ensuring Commercial,...
This executive order directs federal agencies to prioritize commercially available products and services over custom-developed, government-unique solutions to reduce waste and increase efficiency in procurement. Agencies are now required to…
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Continuing Elimination of Wasteful Spending at the...
The Department of Defense is intensifying efforts to eliminate wasteful spending by terminating contracts for IT consulting and administrative services that can be handled internally. Secretary of Defense Pete Hegseth…
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Economy Slowed in 4Q: 2024 Despite Strong Consumer...
Despite resilient consumer spending and record-high household net worth, the U.S. economy showed signs of cooling in the final quarter of 2024. Real GDP growth slowed to 2.3%, down from…
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Executive Order 14222: Implementing the...
In an effort to rein in government spending and boost transparency, this Executive Order launches a sweeping cost-efficiency initiative across federal agencies. Agencies must justify spending on contracts, grants, and…
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The Long-Term Budget Outlook: 2025 to 2055
The federal debt is on track to reach unprecedented heights—156% of GDP by 2055—driven by persistent deficits, rising interest costs, and the weight of an aging population. Spending for Medicare…
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Gross Domestic Product, 4th Quarter of Year 2024
The U.S. economy grew at an annual rate of 2.3% in the fourth quarter of 2024, a slowdown from the 3.1% growth in the previous quarter. Consumer and government spending…
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Executive Order 14182: Enforcing the Hyde Amendment
The Hyde Amendment has long restricted the use of federal funds for elective abortions, reflecting a widely supported policy across administrations. This executive order reinforces that stance by revoking previous…
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Executive Order 14210: Implementing the...
The President’s Department of Government Efficiency Workforce Optimization Initiative marks a significant shift in federal workforce management. With a hiring ratio of one new hire for every four departures, the…
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The Nation’s Fiscal Health: Strategy Needed As...
The federal government’s fiscal outlook is on an unsustainable path, with debt levels projected to outpace economic growth each year if current policies remain unchanged. By the end of fiscal…
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The Budget and Economic Outlook: 2025 to 2035
The latest Budget and Economic Outlook for 2025 to 2035 paints a challenging fiscal landscape. With the budget deficit projected to reach $1.9 trillion in 2025 and debt held by…
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Planning, Programming, Budgeting, and Execution...
The Department of Defense is undergoing a critical transformation to modernize its Planning, Programming, Budgeting, and Execution (PPBE) process, a system that has guided defense resource allocation for over 60…
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