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    <title>Budget on CrossGov.com</title>
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    <description>Recent content in Budget on CrossGov.com</description>
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    <lastBuildDate>Sun, 11 Oct 2026 00:00:00 +0000</lastBuildDate>
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    <item>
      <title>2026 Midterms: Democrats Lead the Generic Ballot by About 8 Points as Cook Moves 18 House Races, and What Control Means for the Budget</title>
      <link>https://crossgov.com/2026-midterms-democrats-lead-the-generic-ballot-by-about-8-points-as-cook-moves-18-house-races-and-what-control-means-for-the-budget/</link>
      <pubDate>Sun, 11 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/2026-midterms-democrats-lead-the-generic-ballot-by-about-8-points-as-cook-moves-18-house-races-and-what-control-means-for-the-budget/</guid>
      <description>&lt;p&gt;Three weeks before the 3 November midterms, Republicans hold the House with 218 seats to the Democrats&amp;rsquo; 214, plus one independent and two vacancies. They hold the Senate 53 to 47. Polling averages show Democrats ahead on the generic congressional ballot by about 8 points: RealClearPolitics had it at 50.4% to 42.2% on 6 October, and Nate Silver&amp;rsquo;s average at 8.9 points on 9 October. A year ago the gap was under 3.&lt;/p&gt;</description>
    </item>
    <item>
      <title>Congress Faces a December 11 Cliff: Government Funding, the NDAA, the Farm Bill and the Cyber Sharing Law All Due After the Midterms</title>
      <link>https://crossgov.com/congress-faces-a-december-11-cliff-government-funding-the-ndaa-the-farm-bill-and-the-cyber-sharing-law-all-due-after-the-midterms/</link>
      <pubDate>Sun, 11 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/congress-faces-a-december-11-cliff-government-funding-the-ndaa-the-farm-bill-and-the-cyber-sharing-law-all-due-after-the-midterms/</guid>
      <description>&lt;p&gt;When Congress comes back after the 3 November midterms, it will have about five weeks before several deadlines land on the same day. The stopgap funding law, H.R. 6500, signed on 2 September, keeps the government open until 11 December. The same law carries the National Flood Insurance Program, the 2015 cyber threat-sharing law, surface transportation authority and the EPA&amp;rsquo;s chemical fee programme to that date.&lt;/p&gt;&#xA;&lt;p&gt;The farm bill has already lapsed. The defence policy bill is stuck in the Senate. And a long list of health and tax items runs out on 31 December.&lt;/p&gt;</description>
    </item>
    <item>
      <title>The Pentagon&#39;s $1.5 Trillion Request Meets a Stalled NDAA and a Stopgap That Funds Defence at $838 Billion</title>
      <link>https://crossgov.com/the-pentagons-1.5-trillion-request-meets-a-stalled-ndaa-and-a-stopgap-that-funds-defence-at-838-billion/</link>
      <pubDate>Sun, 11 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/the-pentagons-1.5-trillion-request-meets-a-stalled-ndaa-and-a-stopgap-that-funds-defence-at-838-billion/</guid>
      <description>&lt;p&gt;The fiscal 2027 budget asked Congress for $1.5 trillion for national defence, a 42% jump. The Pentagon is starting the year on $838.5 billion, under a continuing resolution that runs to 11 December and bars new programmes. The annual defence authorisation bill, which Congress has passed every year for more than six decades, is stuck in the Senate.&lt;/p&gt;&#xA;&lt;p&gt;The gap between what was asked and what exists is the widest in years.&lt;/p&gt;</description>
    </item>
    <item>
      <title>FY2027 Appropriations: The House Has Passed 3 of 12 Bills, the Senate None, With Funding Running Out December 11</title>
      <link>https://crossgov.com/fy2027-appropriations-the-house-has-passed-3-of-12-bills-the-senate-none-with-funding-running-out-december-11/</link>
      <pubDate>Sat, 10 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/fy2027-appropriations-the-house-has-passed-3-of-12-bills-the-senate-none-with-funding-running-out-december-11/</guid>
      <description>&lt;p&gt;Ten days into fiscal 2027, Congress has finished none of the twelve bills that fund the government. The House has passed three: Military Construction and Veterans Affairs on 15 May by 400 votes to 15, Agriculture on 4 June by 213 to 210, and National Security and State on 15 July by 217 to 209. The Senate hasn&amp;rsquo;t marked up a single one. Everything runs on a stopgap that expires on 11 December.&lt;/p&gt;</description>
    </item>
    <item>
      <title>GAO Finds New Impoundment Violations as the House Proposes a 25% Cut to Congress&#39;s Watchdog</title>
      <link>https://crossgov.com/gao-finds-new-impoundment-violations-as-the-house-proposes-a-25-cut-to-congresss-watchdog/</link>
      <pubDate>Sat, 10 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/gao-finds-new-impoundment-violations-as-the-house-proposes-a-25-cut-to-congresss-watchdog/</guid>
      <description>&lt;p&gt;On 7 October 2026 the Government Accountability Office issued two more decisions finding that the executive branch broke the Impoundment Control Act. One concerned the EPA&amp;rsquo;s Community Change Grants. The other found that HHS&amp;rsquo;s Agency for Healthcare Research and Quality withheld more than $78 million that Congress had appropriated.&lt;/p&gt;&#xA;&lt;p&gt;They join a long list. In 2025 GAO found violations involving electric-vehicle charging money under the NEVI programme, the Institute of Museum and Library Services, Head Start, the National Institutes of Health, FEMA and, in part, a DOE school-energy programme. By April 2025 it had 39 impoundment investigations open.&lt;/p&gt;</description>
    </item>
    <item>
      <title>Iran War Costs Reach $43.6 Billion by the Pentagon&#39;s Count as Congress Stalls on Funding and Interceptor Stocks Run Low</title>
      <link>https://crossgov.com/iran-war-costs-reach-43.6-billion-by-the-pentagons-count-as-congress-stalls-on-funding-and-interceptor-stocks-run-low/</link>
      <pubDate>Sat, 10 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/iran-war-costs-reach-43.6-billion-by-the-pentagons-count-as-congress-stalls-on-funding-and-interceptor-stocks-run-low/</guid>
      <description>&lt;p&gt;The Pentagon&amp;rsquo;s latest estimate puts the cost of the war with Iran at $43.6 billion as of 3 September. Of that, $11.2 billion has been spent on operations and $32.4 billion is the cost of replacing munitions and equipment, which hasn&amp;rsquo;t been funded. The figure leaves out repairs to bases in eight countries.&lt;/p&gt;&#xA;&lt;p&gt;Every estimate so far has been overtaken by the next. The Defense Department&amp;rsquo;s inspector general counted $33.4 billion through June. Defense Secretary Pete Hegseth told Congress in July the war would cost $37.5 billion through September. CBO, in a letter on 15 September, put the cost through 1 August at about $38 billion, with $2 billion to $3 billion more each month.&lt;/p&gt;</description>
    </item>
    <item>
      <title>After USAID: GAO Counts 6,780 Awards Ended as the State Department Takes Over $52 Billion in Foreign Aid</title>
      <link>https://crossgov.com/after-usaid-gao-counts-6780-awards-ended-as-the-state-department-takes-over-52-billion-in-foreign-aid/</link>
      <pubDate>Fri, 09 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/after-usaid-gao-counts-6780-awards-ended-as-the-state-department-takes-over-52-billion-in-foreign-aid/</guid>
      <description>&lt;p&gt;On 30 September 2026 GAO published its accounting of what happened to the US Agency for International Development. Between January 2025 and March 2026, USAID ended about 6,780 of its 7,510 awards, on which $79.1 billion had been obligated. About $52.1 billion in active awards remains, now managed by the State Department. USAID&amp;rsquo;s staff fell from about 13,600 to 241 by April 2026.&lt;/p&gt;&#xA;&lt;p&gt;GAO also found that State had no documented guidance for deciding which awards to end. It made three recommendations, which State accepted.&lt;/p&gt;</description>
    </item>
    <item>
      <title>DOE&#39;s Genesis Mission Adds $159 Million in Phase II AI Science Awards as Its Platform Milestone Goes Unconfirmed</title>
      <link>https://crossgov.com/does-genesis-mission-adds-159-million-in-phase-ii-ai-science-awards-as-its-platform-milestone-goes-unconfirmed/</link>
      <pubDate>Fri, 09 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/does-genesis-mission-adds-159-million-in-phase-ii-ai-science-awards-as-its-platform-milestone-goes-unconfirmed/</guid>
      <description>&lt;p&gt;On 8 October the Energy Department announced twelve Phase II awards worth $159 million under the Genesis Mission, its programme to use AI to speed up scientific research at the national laboratories. Recipients include Commonwealth Fusion Systems, MIT, Harvard, Fermilab, Argonne and Oak Ridge. Projects range from a grid model, GridFM 2.0, at $11.5 million, to nuclear design work. With six new Phase I awards, the first-year cohort is now 297 projects.&lt;/p&gt;</description>
    </item>
    <item>
      <title>FEMA Denies More State Disaster Requests With 21,000 Staff and a Surge Force of 240, as States Absorb the Cost</title>
      <link>https://crossgov.com/fema-denies-more-state-disaster-requests-with-21000-staff-and-a-surge-force-of-240-as-states-absorb-the-cost/</link>
      <pubDate>Fri, 09 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/fema-denies-more-state-disaster-requests-with-21000-staff-and-a-surge-force-of-240-as-states-absorb-the-cost/</guid>
      <description>&lt;p&gt;On 8 October FEMA turned down Illinois&amp;rsquo;s request for federal help with damage from storms in August, across eight counties. Administrator Cameron Hamilton said aid was &amp;ldquo;not warranted.&amp;rdquo; The state is appealing, and Darin LaHood, a Republican congressman from the area, objected.&lt;/p&gt;&#xA;&lt;p&gt;It&amp;rsquo;s the latest in a run of denials that has shifted disaster costs to states. In July FEMA denied requests from New Jersey, New York, Massachusetts and Rhode Island for a winter blizzard, together worth about $227 million. All four have appealed.&lt;/p&gt;</description>
    </item>
    <item>
      <title>Interest on US Debt Hits $1.14 Trillion in FY2026, More Than Defence or Medicare, With the Debt Limit $800 Billion Away</title>
      <link>https://crossgov.com/interest-on-us-debt-hits-1.14-trillion-in-fy2026-more-than-defence-or-medicare-with-the-debt-limit-800-billion-away/</link>
      <pubDate>Fri, 09 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/interest-on-us-debt-hits-1.14-trillion-in-fy2026-more-than-defence-or-medicare-with-the-debt-limit-800-billion-away/</guid>
      <description>&lt;p&gt;The federal government spent $1.143 trillion on net interest in fiscal 2026, according to the Congressional Budget Office&amp;rsquo;s monthly review of 8 October. That&amp;rsquo;s $115 billion, or 11%, more than in fiscal 2025. It&amp;rsquo;s more than the Defense Department spent on the military, $916 billion, and more than Medicare, $1.069 trillion. Only Social Security, at $1.654 trillion, cost more.&lt;/p&gt;&#xA;&lt;p&gt;Interest now takes about 15 cents of every federal dollar spent, and about 21 cents of every dollar collected.&lt;/p&gt;</description>
    </item>
    <item>
      <title>US Tariff Revenue Falls to $172 Billion in FY2026 as IEEPA Refunds Turn Customs Receipts Negative for Three Months</title>
      <link>https://crossgov.com/us-tariff-revenue-falls-to-172-billion-in-fy2026-as-ieepa-refunds-turn-customs-receipts-negative-for-three-months/</link>
      <pubDate>Fri, 09 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/us-tariff-revenue-falls-to-172-billion-in-fy2026-as-ieepa-refunds-turn-customs-receipts-negative-for-three-months/</guid>
      <description>&lt;p&gt;For three months in 2026, the US government collected less in customs duties than it paid back. Net customs receipts were minus $0.04 billion in May, minus $25.56 billion in June and minus $8.55 billion in July, according to Treasury&amp;rsquo;s monthly statements. In June alone, refunds reached $49.18 billion.&lt;/p&gt;&#xA;&lt;p&gt;The refunds followed the Supreme Court&amp;rsquo;s ruling in February that the President couldn&amp;rsquo;t impose tariffs under the emergency powers law. Importers had paid about $166 billion under those tariffs. By September, Customs and Border Protection had certified about $122 billion in refunds, including interest.&lt;/p&gt;</description>
    </item>
    <item>
      <title>Education Department&#39;s Own Watchdog Opens a Review as the Agency Hands Off Its Work in 14 Interagency Deals</title>
      <link>https://crossgov.com/education-departments-own-watchdog-opens-a-review-as-the-agency-hands-off-its-work-in-14-interagency-deals/</link>
      <pubDate>Wed, 07 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/education-departments-own-watchdog-opens-a-review-as-the-agency-hands-off-its-work-in-14-interagency-deals/</guid>
      <description>&lt;p&gt;The Education Department&amp;rsquo;s inspector general has opened a review of how the department is carrying out its agreement to have the Labor Department run most of its K-12 and higher education grant programmes. Senator Elizabeth Warren made the review public on 6 October.&lt;/p&gt;&#xA;&lt;p&gt;The Labor agreement is one of 14 interagency agreements Secretary Linda McMahon has signed to move the department&amp;rsquo;s work elsewhere. About 2,300 staff remain, down from 3,902 in January 2025, according to OPM data.&lt;/p&gt;</description>
    </item>
    <item>
      <title>Improper Payments: $186 Billion a Year, a GAO Fraud Estimate Up to $521 Billion, and Treasury&#39;s Do Not Pay Push</title>
      <link>https://crossgov.com/improper-payments-186-billion-a-year-a-gao-fraud-estimate-up-to-521-billion-and-treasurys-do-not-pay-push/</link>
      <pubDate>Wed, 07 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/improper-payments-186-billion-a-year-a-gao-fraud-estimate-up-to-521-billion-and-treasurys-do-not-pay-push/</guid>
      <description>&lt;p&gt;Federal agencies reported $186 billion in improper payments for fiscal 2025. About $153 billion of that was overpayments. The rest is mostly payments that agencies can&amp;rsquo;t show were correct, because the paperwork is missing.&lt;/p&gt;&#xA;&lt;p&gt;Since 2003, the cumulative total is about $2.8 trillion, according to GAO. Most of it comes from a handful of large programmes.&lt;/p&gt;&#xA;&lt;h2 id=&#34;where-the-money-goes&#34;&gt;Where the money goes&lt;/h2&gt;&#xA;&lt;p&gt;Medicare is the biggest source, at about $57 billion across its parts. Medicaid reported $37.39 billion. In Medicaid, about 77% of improper payments come from insufficient documentation, often eligibility files that states couldn&amp;rsquo;t produce, so the figure overstates outright waste.&lt;/p&gt;</description>
    </item>
    <item>
      <title>Border Apprehensions Head for the Lowest Since 1967 as the $46.5 Billion Wall Build Runs at 7 Miles a Week</title>
      <link>https://crossgov.com/border-apprehensions-head-for-the-lowest-since-1967-as-the-46.5-billion-wall-build-runs-at-7-miles-a-week/</link>
      <pubDate>Mon, 05 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/border-apprehensions-head-for-the-lowest-since-1967-as-the-46.5-billion-wall-build-runs-at-7-miles-a-week/</guid>
      <description>&lt;p&gt;Border Patrol made 8,870 apprehensions at the southwest border in August 2026. For fiscal 2026 through August the total was 89,760, putting the year on pace for about 98,000. That would be the lowest since fiscal 1967. In fiscal 2022 and 2023, apprehensions passed 2 million a year.&lt;/p&gt;&#xA;&lt;p&gt;The Homeland Security Department says it has gone 16 straight months without releasing anyone apprehended by Border Patrol into the US.&lt;/p&gt;&#xA;&lt;h2 id=&#34;the-wall&#34;&gt;The wall&lt;/h2&gt;&#xA;&lt;p&gt;The money for the wall came from the July 2025 tax and spending law, which appropriated $46.5 billion for border barriers, available until September 2029. By August 2026, according to figures reported by TIME, $33.6 billion was under contract.&lt;/p&gt;</description>
    </item>
    <item>
      <title>Golden Dome: CBO Puts the Cost at $1.2 Trillion Over 20 Years While 97% of Next Year&#39;s Money Waits on Reconciliation</title>
      <link>https://crossgov.com/golden-dome-cbo-puts-the-cost-at-1.2-trillion-over-20-years-while-97-of-next-years-money-waits-on-reconciliation/</link>
      <pubDate>Mon, 05 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/golden-dome-cbo-puts-the-cost-at-1.2-trillion-over-20-years-while-97-of-next-years-money-waits-on-reconciliation/</guid>
      <description>&lt;p&gt;On 29 September 2026, Gen. Michael Guetlein told a Senate Armed Services subcommittee that an initial version of Golden Dome, the planned national missile defence system, could be ready by 2028, built from existing radars and interceptors. Six weeks earlier he had put it more bluntly to an audience in Huntsville: if the funding doesn&amp;rsquo;t come, there&amp;rsquo;s no Golden Dome.&lt;/p&gt;&#xA;&lt;p&gt;Golden Dome is the defence programme where the gap between ambition and money is widest. The President announced it in May 2025 at $175 billion, to be fully operational within about three years. Congress gave it $24.4 billion through the July 2025 reconciliation law. The rest depends on bills that haven&amp;rsquo;t passed.&lt;/p&gt;</description>
    </item>
    <item>
      <title>ODNI Cut to About Half Its Size as Jay Clayton Becomes the Third Intelligence Chief in a Year</title>
      <link>https://crossgov.com/odni-cut-to-about-half-its-size-as-jay-clayton-becomes-the-third-intelligence-chief-in-a-year/</link>
      <pubDate>Mon, 05 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/odni-cut-to-about-half-its-size-as-jay-clayton-becomes-the-third-intelligence-chief-in-a-year/</guid>
      <description>&lt;p&gt;The Office of the Director of National Intelligence had about 2,000 staff in January 2025. After five rounds of layoffs and reassignments, it has &amp;ldquo;little more than half&amp;rdquo; that, according to officials quoted by Federal News Network in July 2026. Senator Tom Cotton, who chairs the Senate Intelligence Committee, has proposed capping it at 650.&lt;/p&gt;&#xA;&lt;p&gt;ODNI also has its third leader in a year. Jay Clayton, the former chair of the Securities and Exchange Commission, was confirmed as director of national intelligence on 28 July by 51 to 47 and sworn in on 3 August. On 4 October the President named him to lead a new federal AI task force as well.&lt;/p&gt;</description>
    </item>
    <item>
      <title>ICE Is Funded Through 2029 Outside the Normal Budget: Detention Near 69,000 and 2,365 Local 287(g) Agreements</title>
      <link>https://crossgov.com/ice-is-funded-through-2029-outside-the-normal-budget-detention-near-69000-and-2365-local-287g-agreements/</link>
      <pubDate>Sun, 04 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/ice-is-funded-through-2029-outside-the-normal-budget-detention-near-69000-and-2365-local-287g-agreements/</guid>
      <description>&lt;p&gt;In September 2026 Immigration and Customs Enforcement made more than 48,000 arrests, according to an official speaking to NBC. Around the start of October it was holding about 69,000 people in detention. In fiscal 2025 the average was 42,500.&lt;/p&gt;&#xA;&lt;p&gt;ICE can sustain that pace through a budget arrangement few agencies have. Its money no longer depends on the annual appropriations fight that just left most of the government on a stopgap. Two reconciliation laws, passed by simple majorities, fund ICE and the Border Patrol into early 2029.&lt;/p&gt;</description>
    </item>
    <item>
      <title>Medicare&#39;s First Negotiated Part B Drug Prices Are Due November 30 as the MFN Pricing Model Shrinks From $11.9 Billion to $440 Million in Savings</title>
      <link>https://crossgov.com/medicares-first-negotiated-part-b-drug-prices-are-due-november-30-as-the-mfn-pricing-model-shrinks-from-11.9-billion-to-440-million-in-savings/</link>
      <pubDate>Sun, 04 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/medicares-first-negotiated-part-b-drug-prices-are-due-november-30-as-the-mfn-pricing-model-shrinks-from-11.9-billion-to-440-million-in-savings/</guid>
      <description>&lt;p&gt;By 30 November the Centers for Medicare &amp;amp; Medicaid Services must publish the negotiated prices for the third group of drugs under the Medicare drug price negotiation programme. For the first time the list includes drugs given in doctors&amp;rsquo; offices, covered by Medicare Part B: Botox, Entyvio, Orencia, Xolair and Cimzia among them. The 15 drugs cost Medicare $27 billion over twelve months to October 2025. The new prices take effect in 2028.&lt;/p&gt;</description>
    </item>
    <item>
      <title>US Government Funded to December 11 After a Year of Record Shutdowns</title>
      <link>https://crossgov.com/us-government-funded-to-december-11-after-a-year-of-record-shutdowns/</link>
      <pubDate>Sun, 04 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/us-government-funded-to-december-11-after-a-year-of-record-shutdowns/</guid>
      <description>&lt;p&gt;Fiscal year 2027 started on 1 October with the US government open. That&amp;rsquo;s worth saying, because over the past twelve months it often wasn&amp;rsquo;t.&lt;/p&gt;&#xA;&lt;p&gt;It&amp;rsquo;s running on a continuing resolution. H.R. 6500, the Continuing Appropriations and Extensions Act, 2027, became Public Law 119-103 on 2 September 2026. It keeps agencies funded at existing levels until 11 December, 72 days into the fiscal year. If Congress does nothing more, funding lapses on 12 December. None of the twelve regular appropriations bills for the year has been enacted.&lt;/p&gt;</description>
    </item>
    <item>
      <title>Medicaid Work Requirements Start Nationwide January 1, 2027: Nebraska&#39;s First Data and 25 States in Court</title>
      <link>https://crossgov.com/medicaid-work-requirements-start-nationwide-january-1-2027-nebraskas-first-data-and-25-states-in-court/</link>
      <pubDate>Sat, 03 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/medicaid-work-requirements-start-nationwide-january-1-2027-nebraskas-first-data-and-25-states-in-court/</guid>
      <description>&lt;p&gt;Nebraska started checking work requirements for Medicaid early. From 1 May 2026, adults applying for coverage under the state&amp;rsquo;s Medicaid expansion had to show they worked, volunteered or studied at least 80 hours a month. From 1 July the rule applied to people renewing. By the end of September, at least 1,090 people had lost coverage or been denied. Of those who lost coverage at renewal, 92% lost it for procedural reasons, paperwork not filed or not processed, and more than half of new applicants were being denied.&lt;/p&gt;</description>
    </item>
    <item>
      <title>Fannie Mae and Freddie Mac IPO Stalls as Treasury&#39;s $234 Billion Claim Grows and Shares Fall More Than Half</title>
      <link>https://crossgov.com/fannie-mae-and-freddie-mac-ipo-stalls-as-treasurys-234-billion-claim-grows-and-shares-fall-more-than-half/</link>
      <pubDate>Fri, 02 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/fannie-mae-and-freddie-mac-ipo-stalls-as-treasurys-234-billion-claim-grows-and-shares-fall-more-than-half/</guid>
      <description>&lt;p&gt;Fannie Mae and Freddie Mac, the two companies that guarantee about half of US mortgages, remain in government conservatorship 18 years after the 2008 crisis. A public offering the administration floated in 2025, at a combined valuation of $500 billion or more, hasn&amp;rsquo;t happened. No banks have been mandated and no timetable announced.&lt;/p&gt;&#xA;&lt;p&gt;The shares, which trade over the counter, fell more than 23% and 25% in September. They&amp;rsquo;re down more than half this year.&lt;/p&gt;</description>
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    <item>
      <title>State Budgets Go Flat for FY2027 as Rainy-Day Funds Fall and Washington Shifts SNAP and Medicaid Costs to the States</title>
      <link>https://crossgov.com/state-budgets-go-flat-for-fy2027-as-rainy-day-funds-fall-and-washington-shifts-snap-and-medicaid-costs-to-the-states/</link>
      <pubDate>Fri, 02 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/state-budgets-go-flat-for-fy2027-as-rainy-day-funds-fall-and-washington-shifts-snap-and-medicaid-costs-to-the-states/</guid>
      <description>&lt;p&gt;On 1 October 2026 every state started paying a bigger share of the cost of running SNAP, the food assistance programme. Their share of administrative costs rose from 50% to 75%, a shift of about $3.4 billion a year from Washington to state capitals. It&amp;rsquo;s the first of several cost transfers written into the July 2025 reconciliation law, and it arrives as state budgets are already tightening.&lt;/p&gt;&#xA;&lt;h2 id=&#34;the-state-picture&#34;&gt;The state picture&lt;/h2&gt;&#xA;&lt;p&gt;The National Association of State Budget Officers&amp;rsquo; spring 2026 survey shows the slowdown. States spent an estimated $1.38 trillion from their general funds in fiscal 2026, up 7.9%. For fiscal 2027, governors recommended $1.36 trillion, a 1.4% decline in aggregate, though one large state drives much of that. The median state plans growth of just 0.6%. Between 22 and 23 states proposed flat or lower spending.&lt;/p&gt;</description>
    </item>
    <item>
      <title>Pocket Rescissions Explained: How a 1974 Law Against Nixon&#39;s Impoundments Became the 2025-26 Budget Fight</title>
      <link>https://crossgov.com/pocket-rescissions-explained-how-a-1974-law-against-nixons-impoundments-became-the-2025-26-budget-fight/</link>
      <pubDate>Thu, 01 Oct 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/pocket-rescissions-explained-how-a-1974-law-against-nixons-impoundments-became-the-2025-26-budget-fight/</guid>
      <description>&lt;p&gt;On 25 September 2026, five days before the fiscal year ended, the White House sent Congress a special message proposing to cancel $810 million across 11 accounts in seven departments. The biggest item was $567 million for refugee and entrant assistance at HHS. The House had already said it would be out until November.&lt;/p&gt;&#xA;&lt;p&gt;That timing is the whole point of a pocket rescission. Under the 1974 law that governs it, the President can hold back money he has proposed to cancel for 45 days while Congress considers it. If the money expires before the 45 days are up, it&amp;rsquo;s gone, whatever Congress does. On 29 September GAO ruled that the President may not force the expiry of money Congress enacted and didn&amp;rsquo;t rescind. The money appears to have expired on 30 September anyway.&lt;/p&gt;</description>
    </item>
    <item>
      <title>CBO Projects US Debt at 120% of GDP by 2036 and 175% by 2056 as Interest Costs Overtake Defence</title>
      <link>https://crossgov.com/cbo-projects-us-debt-at-120-of-gdp-by-2036-and-175-by-2056-as-interest-costs-overtake-defence/</link>
      <pubDate>Thu, 24 Sep 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/cbo-projects-us-debt-at-120-of-gdp-by-2036-and-175-by-2056-as-interest-costs-overtake-defence/</guid>
      <description>&lt;p&gt;Between October 2025 and May 2026, the federal government spent $722.7 billion on net interest and $630.9 billion on national defence, according to Treasury&amp;rsquo;s monthly statements. Interest beat defence by $92 billion in eight months. In fiscal 2025 the two were close: $970 billion on interest, $917 billion on defence.&lt;/p&gt;&#xA;&lt;p&gt;That crossover is the most concrete sign of what the Congressional Budget Office&amp;rsquo;s projections have been saying for years. The debt is now large enough that paying for it competes with everything else the government does.&lt;/p&gt;</description>
    </item>
    <item>
      <title>US Debt Limit of $41.1 Trillion Expected to Bind in 2027: How Denmark, Germany and the EU Handle Borrowing Limits</title>
      <link>https://crossgov.com/us-debt-limit-of-41.1-trillion-expected-to-bind-in-2027-how-denmark-germany-and-the-eu-handle-borrowing-limits/</link>
      <pubDate>Tue, 22 Sep 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/us-debt-limit-of-41.1-trillion-expected-to-bind-in-2027-how-denmark-germany-and-the-eu-handle-borrowing-limits/</guid>
      <description>&lt;p&gt;The US federal debt limit stands at $41.1 trillion. The July 2025 budget reconciliation law raised it by $5 trillion. That bought about two years. The Congressional Budget Office&amp;rsquo;s February 2026 outlook says the Treasury will reach the limit sometime in 2027. The Bipartisan Policy Center expects it between late winter and mid-summer of 2027, with the Treasury&amp;rsquo;s accounting manoeuvres, known as extraordinary measures, adding another six to nine months.&lt;/p&gt;</description>
    </item>
    <item>
      <title>GAO 2026 Duplication Report: $774 Billion Saved Since 2011, $100 Billion Still on the Table, and $186 Billion in Improper Payments</title>
      <link>https://crossgov.com/gao-2026-duplication-report-774-billion-saved-since-2011-100-billion-still-on-the-table-and-186-billion-in-improper-payments/</link>
      <pubDate>Wed, 09 Sep 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/gao-2026-duplication-report-774-billion-saved-since-2011-100-billion-still-on-the-table-and-186-billion-in-improper-payments/</guid>
      <description>&lt;p&gt;Since 2011 GAO has published an annual report on duplication, overlap and fragmentation in the federal government: programmes that do the same thing, agencies that trip over each other, and money that could be saved by fixing it. The sixteenth edition came out on 12 May 2026.&lt;/p&gt;&#xA;&lt;p&gt;The headline number is big. GAO estimates that acting on its past recommendations has produced about $774.3 billion in financial benefits since 2011, up about $49.3 billion since the previous report. GAO calls these rough estimates.&lt;/p&gt;</description>
    </item>
    <item>
      <title>Reconciliation 3.0 Stalls in the Senate: The House&#39;s $95 Billion Iran War, Farm Aid and Voter ID Package Has No Offsets</title>
      <link>https://crossgov.com/reconciliation-3.0-stalls-in-the-senate-the-houses-95-billion-iran-war-farm-aid-and-voter-id-package-has-no-offsets/</link>
      <pubDate>Fri, 04 Sep 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/reconciliation-3.0-stalls-in-the-senate-the-houses-95-billion-iran-war-farm-aid-and-voter-id-package-has-no-offsets/</guid>
      <description>&lt;p&gt;On 22 July the House adopted a fiscal 2027 budget resolution by 216 votes to 214. It sets up a third party-line reconciliation bill this Congress, worth about $95 billion: $73 billion for the Armed Services and Intelligence committees, mostly for the war with Iran, $12 billion in farm aid and $10 billion for grants to states for voter ID and citizenship checks. It has no offsets.&lt;/p&gt;&#xA;&lt;p&gt;Two weeks later the Senate version was pulled before a vote, because Republican leaders didn&amp;rsquo;t have 50 votes.&lt;/p&gt;</description>
    </item>
    <item>
      <title>Technology Modernization Fund Faces the December 11 Cliff After GAO Finds $13.5 Million in Realised Savings on $1 Billion</title>
      <link>https://crossgov.com/technology-modernization-fund-faces-the-december-11-cliff-after-gao-finds-13.5-million-in-realised-savings-on-1-billion/</link>
      <pubDate>Fri, 04 Sep 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/technology-modernization-fund-faces-the-december-11-cliff-after-gao-finds-13.5-million-in-realised-savings-on-1-billion/</guid>
      <description>&lt;p&gt;The Technology Modernization Fund was created in 2017 to lend agencies money to replace old IT systems, with the loans repaid from savings. GAO reported in July that the fund had invested about $1.03 billion in 68 projects by June 2025. The projects expected about $1.06 billion in savings, but 98% of that isn&amp;rsquo;t expected until fiscal 2027 or later. Realised savings so far: about $13.5 million, from 11 projects. Thirty-seven projects expect no savings at all, and seven were cancelled.&lt;/p&gt;</description>
    </item>
    <item>
      <title>IRS Heads Into the 2027 Filing Season With No Commissioner, 28% Fewer Staff and the First Tip and Overtime Forms</title>
      <link>https://crossgov.com/irs-heads-into-the-2027-filing-season-with-no-commissioner-28-fewer-staff-and-the-first-tip-and-overtime-forms/</link>
      <pubDate>Thu, 20 Aug 2026 00:00:00 +0000</pubDate>
      <guid>https://crossgov.com/irs-heads-into-the-2027-filing-season-with-no-commissioner-28-fewer-staff-and-the-first-tip-and-overtime-forms/</guid>
      <description>&lt;p&gt;The 2027 filing season, for tax year 2026, will be the first in which employers report qualified overtime pay on W-2 forms, under a new box 12 code. The IRS confirmed the reporting rules in August. Workers can deduct up to $12,500 of overtime pay, or $25,000 on a joint return, with the deduction phasing out above $150,000 of income for single filers. Similar reporting for tips is on draft 1099 forms.&lt;/p&gt;</description>
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