Why the beginning of fiscal year 2024 is in October, not January
Sep 20, 2022 · The current fiscal year, FY 2023, ends on Sept. 30, 2023. FY 2024 starts Oct. 1, 2023, and ends Sept. 30, 2024. Why does the U.S. government fiscal year end on Sept. 30?
Government shutdown averted, but what’s next for fiscal 2025
Sep 30, 2024 · It’s important to note they’re going to be gone for a big chunk of that time to campaign and do what they need to do to get reelected in November. But the CR was signed into law by the president on Thursday. Government will …
US Sees Wider Budget Gap at Fiscal Year Start on Health Spending
21 hours ago · Listen. 2:21. The US budget deficit widened further at the start of the fiscal year, driven primarily by higher spending on health and defense as a surge in debt-interest costs slowed. The gap for ...
Congress reaches a deal on how much to spend for 2024 as ... - NBC News
The 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...
Congress unveils final spending package, as Friday midnight ... - NPR
Mar 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
Jul 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...
Biden’s Budget Underscores Divide With Republicans and Trump
Mar 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 corporations.
Biden signs $1.2 trillion government spending bill that ... - CBS News
Mar 23, 2024 · Washington — President Biden on Saturday signed the massive spending package that the Senate approved overnight, avoiding a partial shutdown of the government and ending a monthslong fight over...
America's Fiscal Future | U.S. GAO - U.S. Government …
The Nation’s Unsustainable Fiscal Path. The federal government faces an unsustainable fiscal future. In February 2024, we released our annual report on the nation’s fiscal health, highlighting both short-term and long-term risks.
Joint Statement of Janet L. Yellen, Secretary of the Treasury, and ...
Oct 18, 2024 · WASHINGTON – U.S. Secretary of the Treasury Janet L. Yellen and Office of Management and Budget (OMB) Director Shalanda D. Young today released the final budget results for fiscal year (FY) 2024.