The Bureau of the Fiscal Service announced that existing procedures for waiving electronic payment requirements remain in effect until further notice. This update affects recipients of federal benefits, such as Social Security and veterans benefits, who currently receive paper checks. The agency stated it is reviewing waiver guidance and will coordinate with paying agencies before…
OPM recently updated its data to list 25 individuals serving in the new Schedule G category. Twenty-two of these political appointees are assigned to the Department of Veterans Affairs. The first of these positions began on August 25, 2025, following an executive order signed in July 2025. A proposed rule for this category is currently…
Treasury data shows net interest payments on the national debt rose 8% to $1.05 trillion in fiscal 2026, outpacing growth in total spending, revenue, and GDP. The federal budget deficit widened to $1.99 trillion, driven by spending that grew faster than revenue. With gross U.S. debt at $40 trillion, interest costs now exceed real GDP…
Parkersburg City Council voted 6-3 to table an ordinance that would have raised the mayor's salary from $90,000 to $125,000 starting in 2029. More than a dozen residents spoke against the $35,000 increase, citing local median household income data from the U.S. Census Bureau. One resident suggested making municipal elections nonpartisan to allow federal employees…
State economists are scheduled to meet on March 14 to update general revenue estimates. This update is a key step for lawmakers preparing to negotiate the 2025-2026 fiscal year budget. The meeting, known as the Revenue Estimating Conference, will occur 10 days after the regular legislative session begins. General revenue, primarily from sales taxes, funds…
The Department of the Treasury announced a meeting for the Treasury Borrowing Advisory Committee on November 3, 2026. The session will take place at 10:45 a.m. at the Treasury Department headquarters in Washington, DC. Officials will seek advice on the economy, financial markets, and debt management strategies. The meeting is closed to the public to…
The Bureau of the Fiscal Service now screens federal payments to confirm bank account ownership and taxpayer identification details. This system, operational since September 30, 2026, has returned approximately 13,500 payments totaling $175 million intended for deceased individuals. Treasury Secretary Scott Bessent stated the initiative shifts the focus from recovering funds after payment to preventing…
The Bureau of the Fiscal Service reported that delinquent Direct Loan debt reached $214.9 billion by the end of June 2026. This amount represents a 116.2 percent increase from the $99.4 billion recorded a year earlier. The report also noted that the total balance of the Direct Loan portfolio stood at $1.610 trillion during the…
The Department of Veterans Affairs reported $10.37 billion in delinquent debt as of June 30, 2026, a significant increase from $4.63 billion the previous year. This surge was primarily driven by VA direct loans, where delinquent amounts jumped from $0.38 billion to $5.74 billion over the same period. The data comes from the Treasury Report…
The Bureau of the Fiscal Service announced a new US Treasury debt buyback operation scheduled for October 15, 2026. The department will offer to redeem up to $6 billion in long-dated bonds during a 20-minute window from 1:40 p.m. to 2:00 p.m. ET. A preliminary list includes 42 securities with maturities ranging from May 2040…