The tanker fleet did not meet the Air Force’s availability and capability standards from fiscal year 2019 through 2025, the GAO report said.
The Congressional Budget Office projected in February that the federal deficit will reach $1.9 trillion, or 5.8% of GDP, in fiscal year 2026
The overpayments involved 15 federal agencies paying benefits through 64 programs.
The automaker reported a net loss of $2.7 billion for the fiscal year ended March 31.
A generous influx of state resources from Gov. Kathy Hochul and a new tax on luxury second homes will help Mayor Zohran Mamdani address a projected $5.4 billion deficit.
Senate Democrats are salivating at the chance to force every Republican to vote on $1 billion for security upgrades tied to President Trump's new White House ballroom. Why it matters: A billion-dollar, Trump-branded gilded ballroom — which the president insisted would be privately funded — is the kind of affordability contrast Democrats have dreamed about for the 2026 midterms. - "It's an outrageous betrayal of hardworking families who want lower costs, not a golden ballroom," said Sen. Patty Murray (D-Wash.), the top Democrat on the Senate Appropriations Committee. - "Republicans are ignoring middle-class needs and funneling money into Trump's ballroom while throwing billions at two lawless agencies," said Sen. Jeff Merkley…
Live: Watch live: Defense Secretary Pete Hegseth and General Dan Caine testify on the Pentagon's 1.5 trillion budget request.
Presentations to lawmakers showed the state has lost 31,600 jobs since the start of the fiscal year, including about 20,000 federal positions.
Funding for the department lapsed in February after Senate Democrats refused to help pass an appropriations bill that would fund DHS for the remainder of the current fiscal year, which ends in September.
In fiscal 2024, the U.S. federal government collected approximately $5 trillion in revenue, with individual income taxes the largest source, accounting for $2.4 trillion. However, […] Source