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Federal Payments

All articles tagged with #federal payments

Treasury Blocks $175M in Payments to Deceased in FY2026
politics22 days ago

Treasury Blocks $175M in Payments to Deceased in FY2026

The U.S. Treasury Department blocked $175 million in federal payments to deceased individuals in fiscal year 2026, a significant increase from the $99 million identified earlier in the year. This expansion of the 'Do Not Pay' program, which screened over 1.1 billion payments totaling $3.7 trillion, reflects the Trump administration's broader push to eliminate fraud and waste. The initiative, supported by new legislation signed in February 2026, now covers 99% of federal programs, up from 4% in the previous fiscal year.

Debt Ceiling Standoff Threatens Social Security, Medicare, and Federal Salaries.
finance3 years ago

Debt Ceiling Standoff Threatens Social Security, Medicare, and Federal Salaries.

The US may face a debt ceiling standoff, which could lead to delayed federal payments, including Social Security, Medicare, tax refunds, military paychecks, and more. The government has never been in this situation, and there is no public roadmap outlining its response. If the US reaches the X-date without a debt ceiling deal, it would be the first time in US history that the federal government has intentionally reneged on its financial promises. The government would likely prioritize bondholders, and the most consequential delayed payments would likely be Social Security benefits and money for health programs like Medicare, Medicaid, the Children's Health Insurance Program, and Affordable Care Act health plans.