Why the beginning of fiscal year 2024 is in October, not January
WEBSep 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?
US Budget Gap Reaches $1.9 Trillion as Fiscal Year Nears End
WEBSep 12, 2024 · US Budget Gap Reaches $1.9 Trillion as Fiscal Year Nears End. Debt interest costs exceed $1 trillion for the first time; Deficit has surged in part due to student-debt accounting
The Nation’s Fiscal Health: Major Changes to Fiscal Policies Are ...
WEBFeb 1, 2024 · The 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 long-term sustainable fiscal path.
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...
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...
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 corporations.
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 Is Growing. This Is Why. - The New York Times
WEBOct 20, 2023 · White House officials initially predicted that the deficit would hit about $1.7 trillion in the 2023 fiscal year, which ended last month. That is the official figure that Treasury released on...
Biden's Federal Budget - The New York Times
WEBMar 28, 2022 · In the second budget request of his presidency, Mr. Biden proposed spending roughly $1.6 trillion on domestic investments for fiscal year 2023 — a 7 percent increase over current levels —...
America's Fiscal Future | U.S. GAO - U.S. Government …
WEBThe 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.