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  2. Biden unveils $7.3 trillion budget as campaign pitch for ...

    www.aol.com/news/bidens-2024-us-government...

    WASHINGTON (Reuters) -President Joe Biden sketched his policy vision for the United States on Monday, unveiling a $7.3 trillion spending wish list that is as much an election-year pitch to voters ...

  3. Biden's whopping $7.3T budget includes $5.5T in tax hikes ...

    www.aol.com/finance/bidens-whopping-7-3t-budget...

    President Biden, who just secured the Democratic nomination for this year's election, revealed his massive $7.3 trillion budget proposal for fiscal year 2025 earlier this week. It calls for major ...

  4. Political debates about the United States federal budget

    en.wikipedia.org/wiki/Political_debates_about...

    The Congressional Budget Office (CBO) projected two weeks prior to Obama taking office in January 2009 that the deficit in FY2009 would be $1.2 trillion and that the debt increase over the following decade would be $3.1 trillion assuming the expiration of the Bush tax cuts as scheduled in 2010, or around $6.0 trillion if the Bush tax cuts were ...

  5. Financial position of the United States - Wikipedia

    en.wikipedia.org/wiki/Financial_position_of_the...

    By 2009 this figure had risen to $7.8 trillion, but the federal government's debt-to-GDP ratio had fallen to 54.75%. [2] In February 2024, the total federal government debt grew to $34.4 trillion after having grown by approximately $1 trillion in both of two separate 100-day periods since the previous June. [24]

  6. Bush tax cuts - Wikipedia

    en.wikipedia.org/wiki/Bush_tax_cuts

    The CBO estimated in June 2012 that the Bush tax cuts of 2001 (EGTRRA) and 2003 (JGTRRA) added approximately $1.5 trillion total to the debt over the 2002–2011 decade, excluding interest. [ 2 ] The CBO estimated in January 2009 that the Bush tax cuts would add approximately $3.0 trillion to the debt over the 2010–2019 decade if fully ...

  7. U.S. FY23 DoD Budget Proposal Seeks 4.1% Hike: Stocks ... - AOL

    www.aol.com/news/u-fy23-dod-budget-proposal...

    The fiscal 2023 budget requests an all-time high spending provision of $130.1 billion for research and development. Defense stocks like LMT, BA, NOC, GD & HII should benefit U.S. FY23 DoD Budget ...

  8. Deficit reduction in the United States - Wikipedia

    en.wikipedia.org/wiki/Deficit_reduction_in_the...

    Dollars: The 2014 deficit was approximately $486 billion, with tax revenues of $3.0 trillion and spending or outlays of $3.5 trillion. CBO projected in February 2013 that the debt held by the public will rise from $11.3 trillion in 2012 to $18.9 trillion in 2022 under its "baseline scenario," an increase of $7.6 trillion over 10 years.

  9. CARES Act - Wikipedia

    en.wikipedia.org/wiki/CARES_Act

    The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.