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Another pay increase of 4.5% was given to military members as part of the 2025 National Defense Authorization Act. Earlier this year, a pay raise of 5.2% on average was given to federal employees ...
The Fiscal Responsibility Act of 2023, passed in June 2023, resolved that year's debt-ceiling crisis and set spending caps for FY2024 and FY2025. The act called for $895 billion in defense spending and $711 billion in non-defense discretionary spending for fiscal year 2025, representing a 1% increase over fiscal year 2024. [10]
The Social Security 2024 COLA increase was a lower 3.2%. Source: Social Security Administration The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press ...
The federal minimum wage remains at $7.25. But in the 22 states boosting pay, the higher cost of labor adds up. Millions of workers will see a pay increase in 2024
The United States federal budget for fiscal year 2024 ran from October 1, 2023, to September 30, 2024.. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR) that extended 2023 budget spending levels as legislators were debating the specific provisions of the 2024 budget.
Senate salaries House of Representatives salaries. This chart shows historical information on the salaries that members of the United States Congress have been paid. [1] The Government Ethics Reform Act of 1989 provides for an automatic increase in salary each year as a cost of living adjustment that reflects the employment cost index. [2]
If Trump were to regain the presidency in 2025, several factors could influence salaries across various sectors and classes, according to Shirshikov. ... only to have now flatlined in the first ...
The Republican Party is projected to retain its majority in the House, become the majority in the Senate, and upon the inauguration of Donald Trump on January 20, 2025, are in line to attain an overall federal government trifecta for the first time since the 115th Congress in 2017, during which Trump was inaugurated for his first term.