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Corn growers had pushed hard for a provision in the failed proposal that would allow for permanent, year-round sales of gasoline with 15% ethanol, which is produced from corn. Standard unleaded ...
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 ...
Senate passes funding bill, now headed to Biden. Congress reached a bipartisan, last-minute agreement to keep the government running 38 minutes after a midnight deadline for a partial shutdown ...
Newsom’s budget proposal also recommends changes to California’s Prop. 2. These are two increase the cap on deposits to 20% and exclude deposits into the rainy day fund against the state ...
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.
Newsom and lawmakers, as part of budget negotiations last year, reached a handshake agreement to make cuts, defer programs and take $7.1 billion out of the state’s rainy day fund, to address 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]
The new Republican 2025 budget contains the same $1.6 trillion in base discretionary spending laid out in the Fiscal Responsibility Act, which Biden agreed to last year with former House Speaker ...