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Federal spending per capita (that is, per person in the U.S.) was approximately $11,551 during 2011, versus $6,338 in 2000. Adjusted for inflation, these amounts were $5,133 in 2011 and $3,496 in 2000. Adjusted for inflation, federal spending per person remained around $3,500 throughout the 1990s.
usaspending.gov - interactive official chart; Congressional Budget Office; The Federal Budget from the White House, OMB; U.S. Federal Budget collected news and commentary at The New York Times; Budget of the United States Government and various supplements from 1923 to the present. Federal Budget Receipts and Outlays from 1930 to the present.
The United States federal budget for fiscal year 2022 ran from October 1, 2021, to September 30, 2022. The government was initially funded through a series of four temporary continuing resolutions. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2022.
June 2, 2022 at 8:38 PM The reserve funds for Social Security and Medicare programs will last longer than previously thought — thanks to a faster and stronger-than-expected recovery from the ...
The United States fiscal cliff refers to the combined effect of several previously-enacted laws that came into effect simultaneously in January 2013, increasing taxes and decreasing spending. The Bush tax cuts of 2001 and 2003, which had been extended for two years by the 2010 Tax Relief Act, were scheduled to expire on December 31, 2012.
In 2022, food prices increased faster than any year since 1979, in part due to the avian flu outbreak that raised chicken and egg prices. Despite a slight slowdown in overall inflation throughout ...
A 55-year-old starting with $50,000 in retirement savings could end up with a $500,000 nest egg within a decade by saving around $2,000 a month and earning a 10% average annual return (AAR).
As of the fiscal year 2019 budget approved by Congress, national defense is the largest discretionary expenditure in the federal budget. [13] Figure C provides a historical picture of military spending over the last few decades. In 1970, the United States government spent just over $80 billion on national defense.