US Fiscal Policy Digest

• Bipartisan bill would repeal the 12% federal excise tax on heavy trucks, cutting up to $30,000 per new vehicle and spurring fleet upgrades.
• IIJA...

A $70 billion reconciliation bill cleared in a 5 AM vote, creating over $240 billion in reserves for enforcement through 2029 and bypassing annual...

• Strong May jobs data showed 172,000 additions versus 85,000 expected, keeping rate-hike odds alive.
• Beige Book revealed an 'E-shaped' economy...

The Trump administration is discussing a potential equity stake in OpenAI to seed a national sovereign wealth fund, enabling direct public...

• Administration proposes 10% tariffs on 16 partners and 12.5% on 44 others after forced labor investigation
• Strategy uses Section 301 to replace...

Virginia faces anemic growth despite national job gains, driven by sharp federal workforce reductions and energy shocks from the Iran war.

• Over...

• The 1983 Chadha ruling eliminated legislative vetoes, forcing Congress to pass full laws for agency oversight.
• Core tools now include reporting...

Proposed Uniform Grants Regulation would embed senior political appointees in award selection and make peer review advisory only, shifting federal...

• Mississippi joins 10 states in a Medicaid demonstration program funding community clinics for care regardless of ability to pay.
• Two...

Debt could hit unsustainable 210% of GDP in 19-25 years, triggering default risks even with steep tax hikes.

• A 1990-style bipartisan summit is urged...

• Senate resumes reconciliation 2.0 on immigration and security funding after pre-recess delays
• House Appropriations Subcommittee marks up FY2027...

The House LHHS spending bill raises the maximum Pell Grant by $50 to $7,445 and adds $15 billion to address the shortfall.

It pays for these changes...

The House Ways and Means Committee is advancing legislation to create a federal crypto tax structure, with a bill expected as early as this Friday...

Hello! I'm your US Fiscal Policy Digest curator, here to guide you through the evolving landscape of federal budget, taxes, spending, and...