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The Further Additional Continuing Appropriations and Extensions Act, 2023 (Pub. L. 117–264 (text)) to December 30; All 12 appropriations bills were enacted as a part of the Consolidated Appropriations Act, 2023, a $1.7 trillion omnibus spending bill that was signed by President Joe Biden on December 29, 2022. The bill also included ...
During FY2018, the federal government spent $4.11 trillion, up $127 billion or 3.2% vs. FY2017 spending of $3.99 trillion. Spending increased for all major categories and was mainly driven by higher spending for Social Security, net interest on the debt, and defense. Spending as % GDP fell from 20.7% GDP to 20.3% GDP, equal to the 50-year average.
Under the U.S. Constitution, the officeholder leads the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces. [3] The first president, George Washington, won a unanimous vote of the Electoral College. [4] The incumbent president is Donald Trump, who assumed office on January 20, 2025.
Overall, this year's spending bills would keep non-defense spending relatively flat with last year's bill, despite the rise in inflation, and some $70 billion less than what President Joe Biden ...
For the 13 presidents beginning with Truman, total job creation was about 70.5 million for the 7 Democratic presidents and 29.1 million for the 6 Republican presidents. The Democratic presidents were in office for a total of 429 months, with 164,000 jobs per month added on average, while the Republicans were in office for 475 months, with a ...
Donald Trump selected Elon Musk and Vivek Ramaswamy to identify areas for government-spending cuts. The US spends the most on Social Security. Elon Musk is looking to cut government waste.
The US government's Bureau of Economic Analysis as of Q3 2023 estimates $10,007.7 billion in annual total government expenditure (both state and federal) and $27,610.1 billion annual total GDP which is 36.2%. [1]
Before Trump entered office, for example, the Congressional Budget Office (CBO) estimated that budget deficits from 2017-2027 would total $10 trillion—a figure based on existing spending ...