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Learn about the major categories and trends of federal spending in the U.S., such as mandatory programs, discretionary spending, and interest costs. Find out which of the following is a major spending category of the federal government: healthcare, Social Security, defense, or interest.
Learn about the budget proposal, appropriations legislation and reconciliation legislation for fiscal year 2022 in the United States. The budget was the first to not be subject to the spending caps of the Budget Control Act of 2011.
Learn about the spending and revenues of the U.S. federal government, which follows a fiscal year from October 1 to September 30. Find out the current and projected budget deficit, debt, and major expenditure categories.
With one month to go before the fiscal 2023 year ends on Sept. 30, the government's year-to-date deficit totaled $1.524 trillion, a 61% increase over a $946 billion budget gap for the same period ...
This web page shows the annual budgets of each U.S. state government as enacted by the state legislature. It also includes the fiscal years, budget per capita, and credit ratings of each state.
In January 2001, CBO forecast that the sum of the annual budget surplus or deficits from 2001–2008 (the G.W. Bush era) would be a $3.7 trillion surplus, using laws in place at the end of the Bill Clinton administration. [27]
Learn how the President of the United States submits a budget request to Congress each year, which is the first Monday in February. The budget request includes funding requests for all federal executive departments and independent agencies, and is followed by a budget resolution and appropriations bills.
The Inflation Reduction Act of 2022 is a US federal law that aims to reduce the budget deficit, lower drug prices, and invest in clean energy. It was passed after negotiations on the Build Back Better Act, which was reduced and reworked by Senator Joe Manchin.