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Another pay increase of 4.5% was given to military members as part of the 2025 National Defense Authorization Act. Earlier this year, a pay raise of 5.2% on average was given to federal employees ...
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]
In an executive order, President Joe Biden said federal employees will have Jan. 9, 2025, off in remembrance of former President Jimmy Carter.
Biden's budget for the 2025 fiscal year that starts in October includes raising the corporate income tax rate to 28 from 21%, hiking rates on people making over $400,000, forcing those with wealth ...
Parents could get an increased child tax credit in 2025, as payments would return briefly to the 2021 level funded by Biden's coronavirus pandemic relief package.
White House officials said Biden will preview the steps that will be part of a proposed fiscal 2025 budget released next week that aims to decrease the federal deficit by $3 trillion over 10 years ...
He said a proposed congressional pay raise would be 40%, while the maximum potential pay increase in 2025 has already been set at 3.8%, ... President Joe Biden’s term ends Jan. 20.
The White House plans to boost federal workers' pay by 5.2 percent, the largest increase since 1980.