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As the co-heads of the newly created Department of Government Efficiency, or DOGE, billionaires Elon Musk and Vivek Ramaswamy are promising to slash at least $2 trillion from the federal budget.
The federal debt held by investors was 99% of the size of the U.S. economy in 2024, according to the nonpartisan Congressional Budget Office (CBO) in June, and projected to hit 122% by 2034. For ...
By next Wednesday, a group of politicians dubbed the "supercommittee" has to come up with a plan to slash federal deficits by at least $1.2 trillion over the next decade. If they don't, or if ...
substantially reducing federal debt, and; administering government spending and cuts. Gore presented the National Performance Review on September 7, 1993. Gore cited the long-term goal to "change the very culture of the federal government," and designated "optimism" and "effective communication" as the keys to success. [11]
Budget authority is the legal authority provided by federal law to enter into financial obligations that will result in immediate or future outlays involving federal government funds. Outlays refer to the issuance of checks, disbursement of cash or electronic transfer of funds made to liquidate a federal obligation and is usually synonymous ...
The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034.
The Committee for a Responsible Federal Budget (CRFB) is a non-profit public policy organization based in Washington, D.C. that addresses federal budget and fiscal issues. It was founded in 1981 by former United States Representative Robert Giaimo (D-CT) and United States Senator Henry Bellmon (R-OK), [2] and its board of directors includes past heads of the House and Senate Budget Committees ...
Per a nearly 3,000-page August 2024 report from the Federal Office of Management and Budget, roughly half of federal workers are in fully in-person roles, like healthcare and food-supply ...