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The National Defense Authorization Act for Fiscal Year 2024 (NDAA 2024) is a United States federal law which specifies the budget, expenditures, and policies of the U.S. Department of Defense (DOD) for fiscal year 2024.
As of 11 March 2024 the US Department of Defense fiscal year 2025 (FY2025) budget request was $849.8 billion. [a] On 20 December 2024 the House approved a Continuing Resolution to fund DoD and DoE operations at the FY2024 levels until 14 March 2025, at which time the Appropriations process for the NDAA is to be revisited by the 119th Congress. [4]
The first list is based on the Stockholm International Peace Research Institute (SIPRI) fact sheet, which includes a list of the world's top 40 military spenders as of 2023,based on current on market exchange rates [1].The second list is based on the 2025 edition of The Military Balance, published by the International Institute for Strategic Studies (IISS) using average market exchange rates.
As a percentage of GDP, the annual deficit has nearly doubled in just 10 years, from 2.8% in 2014 to a projected 5.3% in 2024. So there's just a lot more borrowing to pay interest on.
The Senate passed the bill by a vote of 87 to 13. The sweeping legislation authorizes a 5.2% pay raise for members of the military as part of a wide range of provisions related to service member ...
The House passed a sweeping $1.2 trillion government funding bill, sending it to the Senate just hours before the deadline to prevent a shutdown. ... 2024 at 12:24 PM. ... Labor, Defense, Health ...
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.
The National Defense Authorization Act, or NDAA, passed Congress last week. ... called for a 5.2% pay raise for service members and increased the nation's total national security budget by about 3 ...