Why the beginning of fiscal year 2024 is in October, not January
WEBSep 20, 2022 · The federal government’s fiscal year runs from the first day of October of one calendar year through the last day of September of the next. For example, Fiscal Year 2021 (FY 2021) started...
The Nation’s Fiscal Health: Major Changes to Fiscal Policies Are ...
WEBThe report describes the federal government’s unsustainable long-term fiscal path and calls on Congress to develop a plan to address the nation’s rapidly growing debt levels, review all current spending and revenue policies, and help pivot to a …
Congress unveils final spending package, as Friday midnight ... - NPR
WEBMar 21, 2024 · Congressional leaders have released the second and final bipartisan package of six 2024 fiscal year appropriations bills, teeing up a race against the clock for lawmakers to pass the bills...
The federal deficit surges, nearly tripling in the last nine months - NPR
WEBJul 13, 2023 · The federal government operates under a fiscal year that begins October 1. The shortfall adds to an already large federal debt — estimated at more than $32 trillion. Financing that debt is...
The Federal Deficit Is Growing. This Is Why. - The New York Times
WEBOct 20, 2023 · The Biden administration blames Republican tax cuts, but the truth is more complicated. The federal deficit is expected to have hit $2 trillion for the 2023 fiscal year, about $300 billion...
Congress reaches a deal on how much to spend for 2024 as ... - NBC News
WEBThe deal would establish an overall spending level of $1.59 trillion in fiscal year 2024, reflecting the bipartisan budget deal struck last year by President Joe Biden and then-Speaker Kevin...
U.S. sees biggest revenue surge in 44 years despite pandemic
WEBOct 12, 2021 · Revenues jumped 18 percent in the fiscal year that just ended, analysts say — the biggest one-year increase since 1977. That translates into $627 billion more than in 2020, according to the...
Biden’s Budget Underscores Divide With Republicans and Trump
WEBMar 11, 2024 · The president’s $7.3 trillion budget for the next fiscal year proposes new spending on social programs to help the middle class that are offset by higher taxes on high earners and...
Treasury Releases Financial Report of the U.S. Government
WEBFeb 16, 2023 · WASHINGTON — The U.S. Department of the Treasury, in consultation with the Office of Management and Budget, released the fiscal year 2022 (FY 2022) Financial Report of the U.S. Government today. The report presents the government’s current financial position and condition and discusses key financial topics and trends.
Biden's Budget - The New York Times
WEBMar 9, 2023 · President Biden released a $6.8 trillion budget proposal on Thursday that would reduce the deficit, raise taxes on the rich, bolster military spending and ramp up competition with China. The plan...