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The Senate approved a slimmed-down, temporary government spending plan early Saturday morning, averting a shutdown of the federal government. The legislation now goes to President Joe Biden for ...
"Republicans must GET SMART ... the federal government must pay its bills and when Congress can’t agree on how to appropriate money for funding, the government shuts down. ... The federal ...
WASHINGTON − Congress passed a bipartisan spending bill to avert a government shutdown that would have left thousands of federal employees furloughed just days before the winter holidays. The ...
When the government spends more than it brings in, it runs a Budget Deficit that year. [17] In order to pay for the extra spending, governments issue debt. Government debt is the amount of money credited from individuals, firms, foreign entities as well as the federal government itself through the federal reserve system. [8] Debt accrues over time.
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.
The bill extends funding for the government until mid-March, has $100 billion for disaster aid, something the White House wanted, and extends funding for farmers.
The United States government has tended to spend more money than it takes in, indicated by a national debt that was close to $1 billion at the beginning of the 20th century. The budget for most of the 20th century followed a pattern of deficits during wartime and economic crises, and surpluses during periods of peacetime economic expansion.
The current proposed resolution includes about $100 billion in disaster aid.Graham added that the government spends a lot of money it shouldn’t, but “there’s a time for the government ...