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Congressional Budget Office
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- 1Trump cancels nearly $1 billion in Congress-approved spending●# Trump is canceling nearly $1 billion in spending already approved by # Congress , the White House announced on Friday,
The White House announced on Friday that President Trump is canceling nearly $1 billion in spending already approved by Congress. The administration is using a rare and legally contested power to rescind the funds, targeting money allocated for immigrant services and diversity-focused initiatives. The move, carried out through the Office of Management and Budget, is expected to trigger legal and political challenges over presidential authority to undo appropriations.
- 2Russell Vought claims sweeping power to withhold federal funds●"Office of Management & Budget Director Russell Vought has claimed sweeping authority to withhold # money from projects.
Russell Vought, director of the Office of Management and Budget, is asserting broad authority to withhold money from approved projects. Commenters note that while Elon Musk was the public face of the Department of Government Efficiency, it was Vought's OMB that carried out unilateral spending cuts and mass firings across federal agencies.
- 3
A Wall Street Journal opinion column criticises the Congressional Budget Office for incorporating climate-related health projections into its budget forecasts. The piece argues the nonpartisan scorekeeper is straying from its core fiscal mandate by weighing long-term climate health effects in its economic analysis. The commentary has drawn attention in debates over whether the CBO should factor climate impacts into official budget scoring.
- 4GAO says Trump's funding cancellation violates budget law●Trump’s funding cancellation violates budget law, GAO says
The Government Accountability Office has determined that the Trump administration's cancellation of congressionally approved funding violates federal budget law. The finding, reported by Roll Call, adds to legal and political disputes over the White House's handling of appropriated funds. Lawmakers and watchdog groups are expected to press for consequences, though enforcement of such rulings often depends on Congress or the courts.
- 510-Year Treasury Yield Hits 5.26%, Far Above CBO Forecast●⚡ NEWS US Treasury Yields Surge Past CBO Projections The 10-year Treasury note closed at 5.26%, significantly exceeding
The 10-year US Treasury note closed at 5.26%, well above the Congressional Budget Office's projected annual average of 4.1%. The surge in borrowing costs is pushing the government's annual interest bill toward $1 trillion, intensifying concern over the sustainability of US fiscal policy and debt servicing burdens.