Search results
Results from the WOW.Com Content Network
Another pay increase of 4.5% was given to military members as part of the 2025 National Defense Authorization Act. Earlier this year, a pay raise of 5.2% on average was given to federal employees ...
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]
In the United States, the federal government's fiscal year is the 12-month period beginning 1 October and ending 30 September the following year. The identification of a fiscal year is the calendar year in which it ends; the current fiscal year is often written as "FY25" or "FY2024-25", which began on 1 October and will end on 30 September.
In 2014, the top 1% paid approximately 46% of the federal income taxes, excluding payroll taxes. [22] The federal payroll tax partially funds Social Security and Medicare. For the Social Security portion, employers and employees each pay 6.2% of the workers gross pay, a total of 12.4%.
Normally, the U.S. recognizes 11 federal holidays, but Inauguration Day will make the list in 2025. It will only be a holiday for federal employees in Washington, D.C., and certain federal offices.
The fate of hundreds of thousands of federal employees and the work they do rests on Congress' ability to extend government funding beyond Friday.. Congress' bipartisan plan, which President-elect ...
The United States federal budget for fiscal year 2022 ran from October 1, 2021, to September 30, 2022. The government was initially funded through a series of four temporary continuing resolutions . The final funding package was passed as an omnibus spending bill , the Consolidated Appropriations Act, 2022 .
As a result of the 2024 elections, the Republican Party retained its slim majority in the House, won the majority in the Senate, and upon the inauguration of Donald Trump on January 20, 2025 for his second presidency, will have an overall federal government trifecta for the first time since the 115th Congress in 2017, which was in session ...