Search results
Results From The WOW.Com Content Network
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]
Traditionally, after a federal budget for the upcoming fiscal year has been passed, the appropriations subcommittees receive information about what the budget sets as their spending ceilings. [11] This is called 302(b) allocations after section 302(b) of the Congressional Budget Act of 1974. That amount is separated into smaller amounts for ...
The National Defense Authorization Act is an annual bill proposed in the United States Congress that redefines the United States military budget for the following fiscal year. Each chamber of Congress introduces a version of the NDAA for 2025. The House introduced H.R. 8070 on April 18 and sent it to the Senate on July 8 for consideration.
The Senate has yet to pass any of its annual funding bills for fiscal 2025, while the House passed about half of its 12 full-year spending plans. ... April if Congress doesn’t pass its fiscal ...
Beginning in September 2010, Congress passed a series of continuing resolutions to fund the government. [18] 1st Continuing Resolution, funding from October 1, 2010 through December 3, 2010, passed on September 29, 2010. (Pub.L. 111-242) 2nd Continuing Resolution, funding through December 18, 2010, passed on December 2, 2010. (Pub. L.
Following the 2024 elections, the Republican Party retained its slim majority in the House, won the majority in the Senate, and with Trump's second inauguration on January 20, 2025, have an overall federal government trifecta for the first time since the 115th Congress in 2017, which was in session during Trump's first term.
The federal budget deficit will jump to $2.7 trillion by 2035, according to the Congressional Budget Office. (Elise Amendola/AP/File)
Give us the budget reconciliation instructions,” Smith said, adding that the budget committees need to agree on a path. “It has to pass the House, the Senate, and then those are the ...