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BUDG e T OF TH e U. S. GOV e RNM e NT FOR FISCAL Y e AR 2025 139 Table S–2. Effect of Budget Proposals on Projected Deficits—Continued (Deficit increases (+) or decreases (–) in billions of dollars)

The House passed the first of its 12 annual spending bills on Wednesday, marking the beginning of the drawn-out and likely partisan battle to finalize the budget for the 2025 fiscal year as...

Mar 11, 2024 · Budget FY 2025 - Budget of the U.S. Government, Budget of the United States Government, Fiscal Year 2025 Contains the Budget Message of the President, information on the President's priorities, and summary tables.

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] During the summer of 2024, House Republicans, …

Dec 27, 2024 · FY 2025 Budget. The Fiscal Responsibility Act (FRA) limits the total base discretionary spending to $1.606 trillion for FY 2025, which is 1% above the FY 2024 limits. Base defense spending is limited to $895 billion and base nondefense spending is …

Jan 21, 2025 · CBO now projects that deficit spending for FY25 will reach a staggering $1.9 trillion, the third-highest figure in American history. The FY 2025 deficit amounts to 6.2 percent of GDP (the 50-year average is 3.8 percent).

The budget will bolster manufacturing and industry across the nation, make our communities healthier and safer, provide paid leave, support researching cancer, deliver for our veterans, cut taxes for families with children, promote a flexible and dynamic workforce and more.

Maintain a strong economy and create economic and job opportunities by promoting conditions that enable economic growth and stability at home and abroad; strengthen national security by combating threats and protecting the integrity of the financial system; and manage the U.S. government’s finances and resources effectively.

Jan 16, 2025 · Each year, Congress makes decisions about appropriations to provide discretionary funding for a broad range of government activities related to defense, transportation, education, the environment, homeland security, and community development.