CBO provides information concerning the effects of a potential sequestration in accordance with the Statutory Pay‑As‑You‑Go Act of 2010 that could occur as a result of the enactment of the 2025 reconciliation act (Public Law 119-21).
As ordered reported by the House Committee on Energy and Commerce on June 25, 2025
As ordered reported by the House Committee on Energy and Commerce on June 25, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on June 25, 2025
As ordered reported by the Senate Committee on Veterans’ Affairs on July 30, 2025
As required by law, CBO reports on whether appropriations enacted for the current fiscal year have exceeded the statutory caps on discretionary funding. In CBO's estimation, they have not, and a sequestration will not be required for 2025.
As reported by the House Committee on Financial Services on July 15, 2025
Cost Estimate
August 14, 2025
As ordered reported by the House Committee on Energy and Commerce on April 29, 2025
Cost Estimate
August 14, 2025
As ordered reported by the House Committee on Science, Space, and Technology on April 29, 2025
Cost Estimate
August 14, 2025
As ordered reported by the House Committee on Energy and Commerce on June 25, 2025
Cost Estimate
August 14, 2025
As ordered reported by the House Committee on Science, Space, and Technology on June 11, 2025
Cost Estimate
August 14, 2025
As ordered reported by the House Committee on Veterans’ Affairs on July 23, 2025
Cost Estimate
August 14, 2025
As ordered reported by the House
Cost Estimate
August 14, 2025
As ordered reported by the Senate Committee on Veterans’ Affairs on July 30, 2025
Cost Estimate
August 14, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on July 30, 2025
Cost Estimate
August 14, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on June 25, 2025
Cost Estimate
August 14, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on May 21, 202
Cost Estimate
August 13, 2025
As reported by the House Committee on Small Business on May 21, 2025
Cost Estimate
August 13, 2025
As ordered reported by the House Committee on the Judiciary on May 21, 2025
Cost Estimate
August 13, 2025
As ordered reported by the House Committee on Natural Resources on June 25, 2025
Cost Estimate
August 13, 2025
As ordered reported by the House Committee on Armed Services on July 15, 2025
Cost Estimate
August 13, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 30, 2025
Cost Estimate
August 13, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 30, 2025
Cost Estimate
August 13, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 30, 2025
Cost Estimate
August 13, 2025
As ordered reported by the Senate Committee on Indian Affairs on March 5, 2025
Cost Estimate
August 12, 2025
As ordered reported by the House Committee on Foreign Affairs on July 22, 2025
Report
August 11, 2025
CBO estimates that as result of P.L. 119-21, resources will decrease for households toward the bottom of the income distribution, whereas resources will increase for households in the middle and toward the top of the income distribution.
Cost Estimate
August 11, 2025
As passed by the House of Representatives on July 22, 2025
Cost Estimate
August 11, 2025
As ordered reported by the House Committee on Science, Space, and Technology on April 29, 2025
Cost Estimate
As reported by the House Committee on Energy and Commerce on July 2, 2025
Interactive
August 11, 2025
CBO's interactive tool allows users to explore how the 2025 reconciliation act (P.L. 119-21) will affect the economic resources available to households grouped on the basis of their income.
Cost Estimate
August 11, 2025
As ordered reported by the Senate Committee on Indian Affairs on March 5, 2025
FASB
FASB to Host September 12 Public Roundtable on Its Post-Implementation Review of the Leases Standard
August 12, 2025
GAO
GAO-25-106488
Published: Jul 17, 2025 . Publicly Released: Aug 18, 2025 .
The federal government spends more than $100 billion annually on information technology. In 2017, the Office of Management and Budget started requiring agencies to adopt a framework to improve insights into IT spending and address longstanding challenges with transparency. While costs to implement the framework continue to mount, OMB's lack of action and guidance over the last 8 years has led to substantial delays. We...
Published: Aug 18, 2025 . Publicly Released: Aug 18, 2025 .The Financial Audit Manual (FAM) presents a methodology for performing financial statement audits of federal entities in accordance with professional standards. It is a tool for enhancing accountability over taxpayer-provided resources. This August 2025 revision replaces Financial Audit Manual, Volume 3 (July 2024 version) and contains the Federal Financial Reporting Checklist. The FAM’s other volumes are: Volume 1: the audit methodology Volume 2: detailed implementation...
Federal Workforce:
Selected Agencies Need to Improve Employee Name Change Process
GAO-25-107045Published: Aug 14, 2025 .Publicly Released: Aug 14, 2025 .Each year, thousands of federal employees change their legal name for reasons including marriage, divorce, or personal preference. We looked at the process for federal employees to make this change and whether selected agencies followed Office of Personnel Management guidance. We found that while these agencies have procedures in place to handle name changes, employees still found the process challenging because they didn’t have clear...
GAO-25-108349
Published: Aug 14, 2025 . Publicly Released: Aug 14, 2025 .
This Q&A discusses how people are put on the U.S. terrorist watchlist and redress options for those who say they were mistakenly added. Federal agencies use the list to share information about people who may pose terrorist threats. People may be added if they are—or are associated with—known or suspected terrorists. But people may also be misidentified as someone else who is on the list...
Carbon Credits:
Limited Federal Role in Voluntary Carbon MarketsGAO-25-107128
Published: Aug 13, 2025 . Publicly Released: Aug 13, 2025 .Companies or people may choose to offset their emissions of carbon dioxide and other greenhouse gases by purchasing carbon credits through voluntary carbon markets. The credits are generated from projects meant to reduce or remove emissions, such as planting forests. However, stakeholders have raised concerns about whether carbon credits produce the environmental benefits they claim. Overall, the federal government plays a small role in such...
GAO-25-108081
Published: Aug 6, 2025 . Publicly Released: Aug 13, 2025 .
GAO-25-107196
Published: Jul 10, 2025 . Publicly Released: Aug 11, 2025 .
Tenant screening, rent setting, advertising, and other rental housing activities are increasingly done with digital tools. These may include algorithms and artificial intelligence—raising concerns about potential discrimination and more. We examined the benefits and risks of these tools and federal oversight of them. For example, using facial recognition technology for apartment building access can offer security, but poses privacy risks. Federal agencies have done some...
GAO-25-107013
Published: Aug 11, 2025 . Publicly Released: Aug 11, 2025 .
Natural disasters can disrupt local drinking water and wastewater services. The Environmental Protection Agency, Federal Emergency Management Agency, and U.S. Department of Agriculture have given billions in grants and loans to make community water infrastructure more resilient. But rural, low-income, and other vulnerable communities struggle to get access to this funding. Agencies have taken some steps to address this but could do more. Also, maps...
GAO-25-107429
Published: Aug 11, 2025 . Publicly Released: Aug 11, 2025 .
Adopting a child can be expensive, but many taxpayers can claim a credit for adoption on their taxes. In some cases, taxpayers can get the full credit even if they didn’t pay that much in qualified expenses. We found that IRS’s messages about the credit are not clear or consistent. Also, IRS doesn’t reach out to key adoption stakeholders, such as state adoption agencies, with...
Chief Information Officer Open Recommendations:
Environmental Protection AgencyGAO-25-108540
Published: Jul 28, 2025 . Publicly Released: Aug 4, 2025 .
GAO-25-108537
Published: Jul 28, 2025 . Publicly Released: Aug 4, 2025 .
GAO-25-108460
IRS
IR-2025-83, Aug. 12, 2025 — In the fourth installment of a special summer series, the Security Summit partners today remind tax professionals and taxpayers about the IRS Identity Protection PIN and the IRS Online Accounts that can help protect against tax-related identity theft.
IR-2025-82, Aug. 7, 2025 — The IRS today announced that, as part of its phased implementation of the One Big Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for Tax Year 2025 related to the new law.
IR-2025-81, Aug. 6, 2025 — The Internal Revenue Service today issued a reminder that employers can continue to use educational assistance programs to help employees pay down student loans through December 31, 2025.
IR-2025-80, Aug. 5, 2025 — The Internal Revenue Service reminded tax professionals that space is filling up quickly for the remaining 2025 IRS Nationwide Tax Forum events. The Chicago, New Orleans and San Diego forums sold out, and the IRS encourages those planning to attend in Orlando or Baltimore to register before the standard rate deadlines.
PCAOB
Aug. 6, 2025
SEC
2025-107
Washington D.C., Aug. 14, 2025 — The Securities and Exchange Commission today charged Ryan Wear, of Marysville, Washington, and his entities, Water Station Management LLC and Creative Technologies, Inc., for operating two related Ponzi-like schemes between September 2016 and February 2024 that raised more than $275 million from more than 250 investors.
2025-106
Washington D.C., Aug. 13, 2025 — Today, the Securities and Exchange Commission announced a new statistics and data visualization page that includes statistics and graphics on key elements of the capital markets, such as initial public offerings, exempt offerings, corporate bond offerings, reporting issuers, municipal advisors, transfer agents, and household participation in the capital markets.
Staff Issues FAQs to Help Broker-Dealers Implement Financial Responsibility Requirements Related to U.S. Treasury Clearing
2025-105Washington D.C., Aug. 6, 2025 — The Securities and Exchange Commission’s Division of Trading and Markets today issued answers to Frequently Asked Questions (FAQs) that broker-dealers have posed to the staff regarding rule amendments to the customer protection rule related to the clearing of U.S. Treasury securities.
TIGTA
Telephone Level of Service and Average Wait Times Do Not Fully Reflect the Taxpayer Experience
August 14, 2025
August 13 2025
August 11, 2025
August 8, 2025