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Shortly after his election victory, Trump announced the formation of the Department of Government Efficiency, which would be tasked with reducing the size and scope of the federal government. [9] The hiring freeze was issued as part of Donald Trump's "Day One" executive orders and presidential actions, many of which targeted federal employees. [1]
On January 27, 2025, memo M-25-13 was released by Matthew Vaeth, acting director for the Office of Management and Budget (OMB). [1] [2] The memo said that the federal government of the United States in fiscal year 2024 spent over $3 trillion in federal "financial assistance, such as grants and loans", criticized the usage of "resources to advance Marxist equity, transgenderism, and [Green New ...
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]
United States federal government grant pause: The Office of Management and Budget acting director Matthew Vaeth orders federal government agencies to temporarily pause all federal financial assistance programs, with the exception of Medicare and Social Security, that could be implicated by select executive orders from President Trump. [113]
Here are the dates of 2025 federal holidays, according to the Office of Personnel Management: Wednesday, Jan. 1: New Year’s Day Monday, Jan. 20: Birthday of Martin Luther King, Jr.
In December 2007, the President's Pay Agent reported that an average locality pay adjustment of 36.89% would be required to reach the target set by FEPCA (to close the computed pay gap between federal and non-federal pay to a disparity of 5%). By comparison, in calendar year 2007, the average locality pay adjustment actually authorized was 16.88%.
Mark your calendars! Monday, Jan. 27, is the official start to the 2025 tax season, the IRS said. That’s the first day the IRS will begin accepting tax returns for the 2024 tax year, but ...
Most seniors don't pay a premium for Part A, but they do for Part B. The standard Part B monthly premium rose from $174.70 in 2024 to $185.00 in 2025. 5 2025 Medicare Changes Every Retiree Should Know