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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]
On Monday, February 17, the U.S. honors Presidents’ Day. Every year, on the third Monday in February, American citizens recognize each U.S. president in tandem with George Washington’s ...
On Monday, January 20, the U.S. will honor the birthday of Martin Luther King Jr. and the inauguration of the 47th president, Donald Trump. King Jr., the leader of the American civil rights ...
Here are the dates of 2025 federal holidays, according to the Office of Personnel Management: Wednesday, Jan. 1: New Year’s Day Monday, Jan. 20: Birthday of Martin Luther King, Jr.
On January 27, 2025, memo M-25-13 was released by Matthew Vaeth, acting director for the Office of Management and Budget (OMB). [1] [2] The memo said that the federal government of the United States in fiscal year 2024 spent over $3 trillion in federal "financial assistance, such as grants and loans", criticized the usage of "resources to advance Marxist equity, transgenderism, and [Green New ...
Mandatory spending of the US Federal Government in 2023 Breakdown of discretionary outlays of US Federal Government for 2023 CBO projections of U.S. Federal spending as % GDP 2014-2024 A timeline showing projected debt milestones from the CBO Social Security – Ratio of Covered Workers to Retirees. Over time, there will be fewer workers per ...
2025 federal holiday schedule According to the Office of Personnel Management, here are the dates for all remaining federal holidays in 2025 : George Washington's Birthday / Presidents Day: Monday ...
On these days non-essential U.S. federal government offices are closed and federal employees are paid for the day off. [1] Federal holidays are designated by the United States Congress in Title V of the United States Code (5 U.S.C. § 6103). [2]