August 13, 2024 at 3:42 AM GMT+8 Interest costs in the first 10 months of the fiscal year totaled $956 billion, up 32% from 2023. Getty Images The US budget deficit exceeded $1.5 trillion with two months to go until the end of the fiscal year, down slightly on 20...
Foreign Ministry spokesman Lin Jian said on Monday at a news briefing in Beijing that there were indications that US intelligence agencies and cybersecurity companies had conspired to piece together their so-called evidence and spread false information in order to obtain congressional budget allocations ...
Foreign Ministry spokesman Lin Jian said on Monday at a news briefing in Beijing that there were indications that US intelligence agencies and cybersecurity companies had conspired to piece together their so-called evidence and spread false information in order to obtain congressional budget allocations ...
Thus, in our baseline scenario, we forecast the federal budget deficit as a share of GDP to rise slightly from the 6% expected in 2024 to 6.2% in 2025 before falling in the outer years of the forecast as economic growth outpaces spending growth. With the deficit as a share of GDP falli...
Austin’s speech further exposes how the US lacks sincerity. Its 2024 fiscal year budget will increase by 40 percent over last year’s request for the Pacific Deterrence Initiative, reaching a record high of $9.1 billion. It will strengthen Quad, AUKUS, work closer with Japan on uncrewed ...
New Year. No Budget. Good News. ; US Fiscal Year Begins with No Spending Blueprint, but Some Argue
When the US stretches its right hand out for peace, its left hand holds a gun aimed at that person. Austin’s speech further exposes how the US lacks sincerity. Its 2024 fiscal year budget will increase by 40 percent over last year’s request for the Pacific Deterrence Initiative, reaching...
With an additional $85 billion piled onto the deficit in December, the federal government closed out the first quarter of fiscal 2023 (the fiscal year begins Oct. 1) with a $421.4 trillion budget shortfall. After a big drop in November, government receipts rebounded to $454.9 billion in Dec...
Under the new debt ceiling agreement, the budgetary allocation for defense programs will increase from $858 billion in fiscal year 2023 to $886 billion in fiscal year 2024 and $895 billion in fiscal year 2025. U.S. Military Spending/Defense Budget 1960-2023 (Source: Macrotrends.net) ...
An appropriations bill moving through the Republican-led House of Representatives would reduce spending during the 2024 fiscal year beginning Oct. 1 for federal public defender services by about $42 million from its current $1.49 billion budget. A version drafted by the Democrat...