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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]
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 ...
Asked in a written questionnaire by the Senate Budget Committee whether Joe Biden won the 2020 presidential election, Vought responded, “I believe that the 2020 election was rigged.” Show comments
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 first is that annual deficits have exploded, leaving the nation with a gargantuan $34.6 trillion in total federal debt, 156% higher than the national debt at the end of 2010.
(The Center Square) – A government watchdog is warning that the federal debt has reached $28.2 trillion, nearly 98% of the nation's gross domestic product, and is projected to more than double ...
President Obama's 2010 budget proposal includes a total of $663.8 billion, including $533.8 billion for the DOD and $130 billion for overseas contingencies, primarily the wars in Iraq and Afghanistan. The proposed DoD base budget represents an increase of $20.5 billion over the $513.3 billion enacted for fiscal 2009.
Like households, the federal government must live within the confines of a budget. However, those confines are much, much larger than the spending limits of the average household -- or any ...