The federal government reported receipts amounting to $1.1 trillion in the first quarter of fiscal year 2024 and outlays amounting to $1.6 trillion, resulting in a budget deficit total of $509 billion.
MoreThe House of Representatives has passed a continuing resolution that aims to keep the U.S. government funded past 12:01 a.m. this coming Saturday through early 2024, the Washington Post reported Tuesday. The
MoreSens. Joe Manchin, D-W.Va., and Mitt Romney, R-Utah, have introduced bipartisan legislation to establish a bicameral fiscal commission that would present legislative solutions to strengthen the federal government’s long-term fiscal health. The
More by Naomi Cooper
A new Deltek report revealed that federal agencies’ spending on artificial intelligence technologies totaled $7.7 billion between fiscal years 2020 and 2022, reflecting an increase of 36 percent over the three-year period.
More by Jane Edwards
A new Deltek report forecasts the federal government’s spending on information technology products and services supplied by contractors to increase from $116.4 billion in fiscal year 2023 to $137.5 billion in FY
More by Jane Edwards
The Congressional Budget Office projects the total federal deficits to drop from 5.8 percent of gross domestic product in 2023 to 5 percent by 2027 and then increase steadily over the next
More by Jane Edwards
A new Deltek analysis shows that federal government spending on cloud-based big data technology platforms dropped from $789 million in fiscal year 2020 to $539 million in FY 2021 but rose by
More by Jane Edwards
A new Deltek analysis shows that federal spending on blockchain technology increased by 140 percent from fiscal year 2020 to FY 2022, reaching $11.85 million in FY 2022. Alex Rossino, advisory research
More by Jane Edwards
A Deltek market analysis found that the U.S. government invested more in identity/access management than any other zero-trust related cybersecurity tools in the past three years. Alex Rossino, advisory research analyst at
More by Jamie Bennet
A bipartisan bill that would suspend the debt ceiling through January 2025 and reduce federal spending is now headed to President Joe Biden’s desk for his signature after the Senate passed the
More by Jane Edwards