budget News Updates

With two months left in the fiscal year, the deficit so far for fiscal 2026 totals $1.8 trillion, Treasury Department data showed Aug. 12.

Earlier this year, the Trump administration rescinded the EPA’s endangerment finding, marking its most significant climate policy rollback to date.

Washington’s partisan impasse continues to keep the federal government in a partial shutdown as the transportation panels eye consideration of a multiyear highway measure.

With a Sept. 30 federal funding deadline fast approaching, lawmakers in the House and the Senate appear to be at an impasse over ways to avert a partial government shutdown.

Lawmakers returned from their August recess staring at a deadline to finalize fiscal 2026 funding for the federal government.

The U.S. Senate’s tax-writing panel in June put its official stamp on the chamber’s upcoming budget bill, which will notably not include a fee on electric and hybrid vehicles.

The CBO handed Republicans a major political talking point, with projections showing the possibility for tariffs to bring in more federal revenue than would be lost by Trump's tax cut plan.

Subcommittee debate on the bill meant to fund operations at the Department of Transportation is scheduled for July 14 with full committee consideration slated for July 17.

A massive House-passed tax and budget measure promises to return a federal account central to transportation maintenance projects to solvency.

The country’s top transportation officer defended the White House’s fiscal 2026 funding request for his department during a recent Senate subcommittee hearing.