US Fiscal Policy Digest

Federal Budget Projections

• 🔥 Seniors' Benefits Spending: The Joint Economic Committee’s 2026 report projects non-interest federal spending on...

Recent federal reforms create a dual shift in education funding: tighter student loan terms alongside new Pell Grant access for short-term...

Starting October 2027, states with higher SNAP payment error rates must cover 5-15% of benefit costs.

• Nine states with rates below 6% are exempt
  -...

Federal cuts to Medicaid and disease surveillance are expanding risks even as a new $50B rural health tech program rolls out.

• Medicaid reductions...

Spending on Social Security and Medicare will climb from 45% to 52% of non-interest federal outlays by 2036 and keep rising, driving two-thirds of...

Federal Spending Oversight

• 🔥 Senate Anti-Fraud Task Force: Sen. Marsha Blackburn joined eight other Republican senators to launch a new Senate...

Federal policy pairs broad payment pressure with targeted rural grants, as Kansas deploys $221 million in year-one funding from the five-year Rural...

Nine Republican senators including Marsha Blackburn have launched a Senate Anti-Fraud Task Force to examine fraud, waste and abuse in federal programs...

Federal school vouchers, set for 2027, would drain billions from public education while offering little accountability or oversight.

• Historical...

Two federal judges struck down a Trump administration rule that would have narrowed Public Service Loan Forgiveness eligibility by excluding...

Federal Reserve Policy and Labor Market Data

• 🔥 Warsh Fed Debut: Kevin Warsh’s first FOMC meeting held rates at 3.5-3.75 percent, emphasized...

Labor Market and Fed Policy Outlook

• 🔥 June Jobs Report: Nonfarm payrolls rose 57,000 in June, below the 110,000 expected, with prior months...

• White House claims broad middle-class wins, with 97% of filers getting cuts and average refunds over $3,400.
• Independent analysis finds...

• June payrolls rose just 57,000 versus 110,000 expected, with April-May revised down 74,000, while the unemployment rate fell to 4.2% only because...

Kevin Warsh's first FOMC meeting shifted focus sharply to inflation control through interest rates while signaling the $6.7 trillion balance sheet...

• US and China target tariff reductions on agricultural products from a $30 billion list, part of the May Beijing framework to revive trade that fell...

Federal tax cuts in the One Big Beautiful Bill are widening Nebraska's fiscal gap while tightening aid programs.

• Taxes: State income tax revenues...

Pentagon Budget Cut Proposals

• 🔥 Taxpayers for Common Sense Report: The report proposes $497B in specific Pentagon program cuts as an alternative...

• Major cuts outlined: A detailed proposal targets over $497 billion in savings from FY2027 procurement and RDT&E accounts by zeroing wasteful...

Vermont has seen a 7% SNAP enrollment decline since the One Big Beautiful Bill Act imposed broader work requirements last summer.

• Nearly 5,000...