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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 ...
Rep. Anna Paulina Luna, R-Fla., said she expected the House to vote later Thursday on the issue but wouldn't specify if that would entail a new version of a continuing resolution different from ...
The U.S. government posted an $87 billion budget deficit in December, reduced partly by a shift of benefit payments into November but capping a record $711 billion deficit for the first three ...
Between fiscal year 1977 and fiscal year 2012, Congress only passed all twelve regular appropriations bills on time in four years – fiscal years 1977, 1989, 1995, and 1997. [6] Every other fiscal year since 1977 has required at least one continuing resolution.
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.
The Federal Reserve Board in Washington and its 12 regional reserve banks across the US employed about 24,000 people last year. The vast majority — more than 86% — of staff work out of the ...