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Authorize a $886 billion spending budget for national defense programs including: [20] [21] A 5.2% pay increase for service members of the armed forces. [20] [21] Procurement of up to 13 Virginia-class submarines. [22] [23] Authorize the sale and transfer of defense articles and services relating to the implementation of the AUKUS partnership ...
The House voted to pass its yearly defense bill Wednesday, adding about another $1 trillion to the $36 trillion national debt. The 1,800-page bill known as the National Defense Authorization Act ...
The United States federal budget for fiscal year 2024 ran from October 1, 2023, to September 30, 2024. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR) that extended 2023 budget spending levels as legislators were debating the specific provisions of the 2024 budget.
Military budget of China, USSR, Russia and US in constant 2021 US$ billions Military spending as a percent of federal government revenue. The military budget of the United States is the largest portion of the discretionary federal budget allocated to the Department of Defense (DoD), or more broadly, the portion of the budget that goes to any military-related expenditures.
Less than one-third of the federal budget in fiscal year 2024 consisted of discretionary spending, which Congress approves annually. ... Nearly half of discretionary spending goes toward defense ...
A recent analysis by the Congressional Budget Office projected that federal spending on debt interests alone would reach $870 billion in 2024, which is not only a 32 percent increase from 2023's ...
The $895.2 billion represents a 1% increase over last year’s budget, a smaller number than some defense hawks would have liked. Aerial view of the Pentagon in Washington, DC, on March 31, 2024.
The National Defense Authorization Act (NDAA) is any of a series of United States federal laws specifying the annual budget and expenditures of the U.S. Department of Defense. The first NDAA was passed in 1961.