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On May 22, the House Armed Services Committee approved its version of the 2025 National Defense Authorization Act, by a 57–1 vote. [6] As passed by the Committee, the bill included the Pentagon's controversial "Legislative Proposal 480", transferring Air National Guard space units to the Space Force; however, the Committee accepted an amendment proposed by Joe Wilson (R‑SC), watering down ...
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]
Springfield Mayor Misty Buscher said two areas she was attentive to in the FY25 budget were ones she heard about during the campaign that led to her April 4 election victory. "The community's ...
Highlights of the city of Tallahassee's 2025 budget With a 9.24% increase in property values from 2023 to 2024, the city will reap an additional $6 million in revenue.
The United States budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies. The government primarily spends on healthcare, retirement, and defense programs.
Pennsylvania has a 2024-25 spending plan, and in just under two weeks past the June 30 constitutional deadline.. Lawmakers in Harrisburg and Gov. Josh Shapiro on Thursday night signed off on a $47 ...
OpEd: Instead of continuing to hoard billions of dollars, lawmakers could use available money to address problems like child care and the teacher shortage.
Budget reconciliation bills can deal with mandatory spending, revenue, and the federal debt limit, and the Senate can pass one bill per year affecting each subject. Congress can thus pass a maximum of three reconciliation bills per year, though in practice it has often passed a single reconciliation bill affecting both spending and revenue. [3]