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↵↵The testimony comes just over a month into the 2026 tax filing season, which has been marked by the Trump administration's efforts to shrink the IRS workforce despite all the new tax code changes from
↵↵A recent analysis from the Budget Lab, a nonpartisan policy group at Yale University, estimates that the recent ruling would erase more than half of projected revenue increases from fiscal 2026 to fiscal
The House easily passed a package of two fiscal 2026 appropriations bills with broad bipartisan support Wednesday, teeing up a second set of long-delayed spending bills for the Senate to consider.Â
For years, funding has been consistent at around $550 million per year, though both chambers in their fiscal 2026 bills have proposed cuts. Â
Jayapal said the idea that members are lining their pockets while in office is only reinforced by provisions like the one senators slipped into the fiscal 2026 Legislative Branch appropriations bill earlier
that would lower insulin costs by providing $3.1 billion to help federally qualified health centers cover the direct costs of discounted insulin and epinephrine for qualifying patients through fiscal 2026
In the agency’s draft strategic plan through 2026, FHFA emphasized the intersection of affordable housing and climate change, noting that an increase in the number and intensity of natural disasters
Powell’s term as chairman expires in 2026 and as a board member in 2028. Of Biden’s Fed nominees, only Barr, who was nominated last month, still awaits a confirmation hearing and vote.
Brainard’s term on the board and as vice chair expires in 2026. Niels Lesniewski contributed to this report.
Democrats included a temporary solution, delaying the shift from this year to the start of 2026, in their $2.2 trillion climate and social safety net bill.
Now the bill includes a one-year expansion and almost $4 billion available through 2026 for the IRS, along with another $1 billion for the Treasury Department to support enrollment and administration
Manchin has expressed concern about any Medicare expansion, saying its costs shouldn’t be increased at a time when the program’s hospital insurance trust fund is slated to become insolvent by 2026
The potential compromise would mean enacting the House proposal through 2026 before moving to the Senate’s consolidated format.
Medicare’s financial problems start to pinch in 2026, when hospital payments would need to be trimmed 9 percent, according to government actuaries.
Spending drops sharply after 2026, when only full refundability would remain in place. About $13 billion of that cost would be for keeping it fully refundable in the second half of the decade.
And Medicare’s Hospital Insurance trust fund would run out of money by 2026, at which point it would be able to cover only 90 percent of incurred costs.