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?
On Federal Fiscal New Year’s Eve: Not Much To Celebrate
WEB23 hours ago · Will A Fiscal Cliff Reappear In 2025? The new year comes with precipitous fiscal issues to address: getting funding in place for the new year, increasing the debt ceiling, determining...
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...
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.
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...
Federal budget deficit expected to nearly double to around $2 ... - CNN
WEBSep 6, 2023 · The federal budget deficit is expected to balloon to about $2 trillion for fiscal year 2023, roughly double what it was in the previous fiscal year, according to a government watchdog group.
U.S. wraps up fiscal year with budget deficit near $1.7 trillion
WEBOct 20, 2023 · The federal government wound up its fiscal year in September with a deficit just shy of $1.7 trillion, the U.S. Department of the Treasury announced Friday. Wrapping up a year in which some...
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.