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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]
Following the 2024 elections, the Republican Party retained its slim majority in the House, won the majority in the Senate, and upon Trump's second inauguration on January 20, 2025, will have an overall federal government trifecta for the first time since the 115th Congress in 2017, which was in session during Trump's first term.
Feb. 12—A $10.22 billion spending plan that seeks to turn today's record revenues into "future money" cleared the Senate 31-10 Wednesday. "Hold your head up high," Sen. George Muñoz, a Gallup ...
2024 United States federal budget – $6.9 trillion (submitted 2023 by President Biden) 2023 United States federal budget – $6.1 trillion (submitted 2022 by President Biden) 2022 United States federal budget – $6.3 trillion (submitted 2021 by President Biden) 2021 United States federal budget – $6.8 trillion (submitted 2020 by President ...
The Senate held its first hearings into the policies in 2003. ... 2025, according to a post ... Congress rejected the White House budget office's request to increase its funding, first in ...
New Senate Majority Leader John Thune on Sunday said one of his top ... $3.59 trillion to the deficit between 2025 to ... a simple majority to pass legislation related to the budget, to get ...
The United States Senate Committee on the Budget was established by the Congressional Budget and Impoundment Control Act of 1974. It is responsible for drafting Congress's annual budget plan and monitoring action on the budget for the Federal Government. The committee has jurisdiction over the Congressional Budget Office.
Public sector workers are anxiously waiting to see if the Senate will vote to finally eliminate provisions ... for Medicare Part B in 2025, ... Committee for a Responsible Federal Budget ...