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The United States budget comprises the spending and revenues of the U.S. federal government.The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies.
The United States federal budget consists of mandatory expenditures (which includes Medicare and Social Security), discretionary spending for defense, Cabinet departments (e.g., Justice Department) and agencies (e.g., Securities & Exchange Commission), and interest payments on debt.
National defense spending is any government spending attributable to the maintenance and strengthening of the United States Armed Forces, including the Army, Navy, Marines, and the Air Force. [14] As of the fiscal year 2019 budget approved by Congress, national defense is the largest discretionary expenditure in the federal budget . [ 13 ]
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 ...
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 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 .
"Hi Morgan. Can you write an article showing how the federal budget spending and taxes have changed in the last 30 years?" -- Reader Mike M. Yes! I dug through historical data from the Office of ...
California Gov. Gavin Newsom has proposed new spending as the state faces another budget deficit. (Rich Pedroncelli / Associated Press) An extra $420-million tax break for Hollywood film studios.