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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 119th United States Congress began at 12 p.m. EST on January 3, 2025, following the adjournment of the 118th Congress. [8] Leading up to an election to elect the speaker of the House, incumbent representative Mike Johnson of Louisiana's bid appeared uncertain amid opposition from the Freedom Caucus despite an endorsement from Trump. [9]
The United States government imposes a new series of sanctions targeting Russia's energy sector, including the Gazprom Neft and Surgutneftegas oil companies. [38] United States authorities announce an increased $25 million reward for information leading to the arrest of Venezuelan president Nicolás Maduro. [39]
In the United States, the federal government's fiscal year is the 12-month period beginning 1 October and ending 30 September the following year. The identification of a fiscal year is the calendar year in which it ends; the current fiscal year is often written as "FY25" or "FY2024-25", which began on 1 October and will end on 30 September.
The 119th United States Congress is the current term of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives. It convened on January 3, 2025, during the last weeks of Joe Biden's presidency and the first two years of Donald Trump's second presidency.
This national electoral calendar for 2025 lists the national/federal elections scheduled to be held in 2025 in all sovereign states and their dependent territories. By-elections are excluded, though national referendums are included. Specific dates are given where these are known.