Index / Section
Budget & Taxes
Appropriations, shutdown deadlines, the deficit, the debt limit, tax law and the IRS. How federal money is authorized, spent and borrowed.
5 filesLast filed 15 OCT
Upcoming deadlines
12 NOVMonthly Treasury Statement (October)
11 DECStopgap funding expires (H.R. 6500)
Your 2027 tax brackets are about to move, and by more than last year
The IRS will soon publish its 2027 inflation adjustments. Hotter inflation points to a roughly 3.2% bump, but several of the 2025 law's headline breaks are fixed in dollars and will not grow at all.
$972 billion of room left: the debt limit returns in 2027
The $5 trillion increase enacted in July 2025 is mostly spent. Treasury's own data show under $1 trillion of headroom, which puts the next debt-limit standoff in the first months of a new Congress.
December 11: Congress bought time past the midterms. Now what?
The government runs on a 72-day stopgap that expires December 11. None of the 12 spending bills is law, the Senate has not reported one, and a lame-duck Congress will decide what happens next.
The $2 trillion year: what drove the FY2026 deficit
CBO's final monthly review puts the FY2026 deficit at $2.0 trillion, $218 billion above last year. Revenue grew, but interest, benefits and tariff refunds grew faster.
Trump Accounts hit 60 million kids, but the $1,000 must be claimed
Treasury says every eligible child now has a Trump Account. The catch: a parent has to claim it before anyone can contribute, and before the $1,000 federal seed for children born 2025 to 2028 is paid.
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