Defense

President Trump is expected to release his Fiscal Year (FY) 2027 budget later this week, which may include a proposal to increase the defense budget...

Updated 3/30/26: On March 27, the Senate passed a Homeland Security funding bill by voice vote. The legislation would provide funding for most of...

Without further appropriations, the federal government faces a partial government shutdown on January 30 as the continuing resolution (CR) funding...

Note: An update to this blog to incorporate an additional year of the budget window as well as higher interest rates can be found here. In a post on...

Note: For the latest fiscal year, click here . Updated 7/31/25: On July 24, President Trump signed a recissions package which rescinds $9 billion in...

Note: This blog was updated on 8/4/25 to reflect CBO's newly-released estimates of the permanent cost of certain expiring tax provisions in OBBBA. The...

The Senate has passed its version of the Fiscal Year (FY) 2025 reconciliation bill – the One Big Beautiful Bill Act (OBBBA). The table below is a...

As it currently stands, the Senate reconciliation bill is likely to add $3.5 to $4.2 trillion to the debt through Fiscal Year (FY) 2034, based on our...

Note: (06/23/2025) Some categorizations and numbers in the Ways and Means' section of the table below have been updated to more accurately reflect the...