ASAToday for October, 16th 2025

This Week in Congress! Originally, the Senate was scheduled to be on a break this week, but has reconvened due to the ongoing government shutdown.  The House canceled votes this week, but…

Status of FY 2026 Funding Pay our Troops: The President ordered the Pentagon to find a way to pay U.S. troops. Department of Defense (DOD) officials are diverting $8 billion in previously…

The FY 26 National Defense Authorization Act (NDAA) The Senate overcame a month-long impasse on the annual NDAA last week by agreeing on the number of standalone amendments to receive a vote.…

IRS and Treasury News The IRS furloughed nearly half of its staff last Wednesday.  Most operations will close, but employees working on filing season preparation, IT, and implementation of tax provisions included…

CBO’s Budget Review The CBO’s monthly budget review estimates that the deficit was $1.8 trillion for FY25, which is $8 billion less than the shortfall from FY24. Revenues for FY25 increased by…