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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]
Shelby County Board of Commissioners approved their $1.6 billion operating budget for fiscal year 2025 in the early hours of Tuesday morning. The almost 12-hour long meeting was tense, with the ...
The Post also cited budget experts who said Musk and Ramaswamy's plan "demonstrates the pair's misunderstanding of how the government works". [55] Douglas Holtz-Eakin of the American Action Forum compared DOGE to the former Grace Commission which had enacted zero of its 150 proposals.
The United States budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies. The government primarily spends on healthcare, retirement, and defense programs.
The 2025 budget's major changes account for an enrollment increase, a low inflation rate, funding for the Student Opportunity Act, a phase-out of Elementary and Secondary School Emergency Relief ...
(The Center Square) – Spokane County passed its 2025 budget on Monday, decreasing total spending by nearly 6% while using up $57.4 million of its overall fund balance. The $864.8 million budget ...
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to ...
Project 2025's blueprint includes repealing the Inflation Reduction Act, which offers $370 billion for clean technology, closing the Loan Programs Office and the Office of Clean Energy Demonstrations at the Department of Energy, eliminating climate change mitigation from the National Security Council's agenda, and encouraging allied nations to ...