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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.
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.
The Treasury Department also produces a Combined Statement of Receipts, Outlays, and Balances each December for the preceding fiscal year, which provides detailed data on federal financial activities. Historical tables within the President's Budget (OMB) provide a wide range of data on federal government finances.
The Committee for a Responsible Federal Budget, or CRFB, a nonpartisan fiscal watchdog, warned that making the tax cuts permanent would mean up to $4.6 trillion in extra deficit increases over the ...
In the United States, government shutdowns occur when funding legislation required to finance the federal government is not enacted before the next fiscal year begins. In a shutdown, the federal government curtails agency activities and services, ceases non-essential operations, furloughs non-essential workers, and retains only essential employees in departments that protect human life or ...
The United States federal budget for fiscal year 2025 runs from October 1, 2024, to September 30, 2025. The federal government is currently operating under a continuing resolutions (CR) that extends the 2024 budget until March 14, 2025.
Those who accept will exit the federal government on September 30th at the end of the current fiscal year. In the meantime, they will be placed on administrative leave and are not expected to work ...
The United States federal budget for fiscal year 2023 ran from October 1, 2022, to September 30, 2023. The government was initially funded through a series of three temporary continuing resolutions. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2023.