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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]
In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years. Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar ...
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.
It was suspended as part of the bipartisan Fiscal Responsibility Act, which Congress passed in June 2023. ... in a budget deficit. ... $12.6 million in annual funds for childhood disease research ...
On Aug. 21, the Harris campaign erased the mystery, stating that the candidate fully supports Biden’s comprehensive tax program as presented in the administration’s fiscal year 2025 budget ...
The National Defense Authorization Act is an annual bill proposed in the United States Congress that redefines the United States military budget for the following fiscal year. Each chamber of Congress introduces a version of the NDAA for 2025. The House introduced H.R. 8070 on April 18 and sent it to the Senate on July 8 for consideration.
So here's hoping Lustig is right that "2024 may also be remembered as the year U.S. fiscal exuberance died." ... This approach should be reinforced through strict budget enforcement mechanisms ...
Dec 17, 2024: American Relief Act, 2025 Making further continuing appropriations for the fiscal year ending September 30, 2025, and for other purposes. Pub. L. 118–158 (menu; GPO has not yet published law), H.R. 10545: 118-159 Dec 23, 2024: National Defense Authorization Act for Fiscal Year 2025