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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 National Defense Authorization Act for Fiscal Year 2024 (NDAA 2024) is a United States federal law which specifies the budget, expenditures, and policies of the U.S. Department of Defense (DOD) for fiscal year 2024.
Each year, the President of the United States submits a budget request to Congress for the following fiscal year as required by the Budget and Accounting Act of 1921. Current law ( 31 U.S.C. § 1105 (a)) requires the president to submit a budget no earlier than the first Monday in January, and no later than the first Monday in February.
In his budget, President Biden is renewing his long-standing calls for more taxes on Corporate America. Biden wants to raise the corporate income tax rate to 28% from its current level of 21%.
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 Illinois State Board of Education is requesting an additional $497.2 million in this year's education budget, in total taxpayers are being asked to pay $11.4 billion in fiscal year 2026.
South Carolina state employees can expect a pay raise of $2,500 or 5%, whichever is higher, state budget writers have decided. With $800 million in additional money available to disburse in what ...
From FY 2015 to FY 2024, global HIV funding represented 42%-50% of the U.S. global health budget, with FY 2024 allocations totaling $5.4 billion, including $4.9 billion for PEPFAR and $575 million for NIH research. [8] The Biden administration recently announced a six percent cut to the PEPFAR budget for FY 2025 with a proposed budget $4.4 ...