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This would have been a change to current practice, in which Congress takes steps in each spending bill to remove that cost-of-living adjustment. That has been in place since the 2009 recession.
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.
With a government shutdown narrowly avoided late Friday into Saturday morning, the House and Senate sent a funding bill to President Joe Biden's desk. An initial bipartisan deal was tanked earlier ...
The Democratic-led House passed a short-term spending bill Wednesday to keep government agencies funded at current levels through Dec. 23, giving lawmakers more time to craft a roughly $1.7 ...
The continuing resolution, or CR, was meant to kick the government funding deadline down the road by continuing spending at 2024 levels until March and buy more time for Congress to hash out a ...
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]
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 supplemental appropriations for disaster relief and additional aid to Ukraine.
After days of heated negotiations on Capitol Hill and eleventh-hour interference from President-elect Donald Trump and his ally Elon Musk, the House passed a funding bill to prevent a government ...