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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]
Continuing Appropriations Resolution, 2017 (Pub. L. 114–223 (text)) - a continuing resolution that would fund the federal government of the United States through December 9, 2016 at 0.496% below the operating rate of the FY 2016 enacted appropriation. On September 28, 2016, the Senate voted 72-26 to pass the bill and later that day, the House ...
The US last dealt with a debt ceiling crisis in early 2023, when it hit its $31.4 trillion debt limit. After months of contentious negotiations between the GOP-led House and the Democrats who ...
Making supplemental appropriations for the fiscal year ending September 30, 2024, and for other purposes. Pub. L. 118–82 (text), H.R. 9468, 138 Stat. 1521: 118-83 Sep 26, 2024: Continuing Appropriations and Extensions Act, 2025 Making continuing appropriations and extensions for fiscal year 2025, and for other purposes.
“Any alternative Continuing Resolution (CR) must include: a farm bill extension, aid to rebuild after natural disasters, economic assistance to bridge the gap until we can get to a new farm bill ...
But the two-year budget deal struck in mid-2023 capped the 2025 defense budget at 1% above the $886 billion 2024 budget. As a result, Biden's total 2025 national security budget will be $895 billion.
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.
So here's hoping Lustig is right that "2024 may also be remembered as the year U.S. fiscal exuberance died." ... an already strained federal budget. Politically, it would be easy to extend Donald ...