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2024 United States Federal Budget
The United States federal budget for fiscal year 2024 runs from October 1, 2023, to September 30, 2024. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR) that extended 2023 budget spending levels as legislators were debating the specific provisions of the 2024 budget. Background Under the United States budget process established in 1921, the US government is funded by twelve appropriations bills that are formed as a response to the presidential budget request submitted to Congress in the first few months of the previous calendar year. The various legislators in the two chambers of Congress negotiate over the precise details of the various appropriations bills. In some politically contentious years when these negotiation processes deadlock, the Legislative Branch passes a continuing resolution that essentially extends the current funding levels into the new fiscal year until a budget can be agreed upon by a majority of bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
118th United States Congress
The 118th United States Congress is the next meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives. It is scheduled to meet in Washington, D.C., from January 3, 2023, to January 3, 2025, during the final two years of Joe Biden's first term of presidency. In the 2022 midterm elections, the Republicans won control of the House for the first time since the , while the Democrats gained one seat in the Senate, expanding their majority from 50–50 (with a coalition of 48 Democrats, two independents, and Vice President Kamala Harris serving as the tie breaker) to 51–49 (with a coalition of 48 Democrats and three independents). This will mark the first split Congress since the , and the first Republican House–Democratic Senate split since the . With Republicans winning the House, the 118th Congress will end the federal government trifecta Democrats have held since January ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Debt Ceiling
The United States debt ceiling or debt limit is a legislative limit on the amount of national debt that can be incurred by the U.S. Treasury, thus limiting how much money the federal government may pay on the debt they already borrowed. The debt ceiling is an aggregate figure that applies to the gross debt, which includes debt in the hands of the public and in intra-government accounts. About 0.5% of debt is not covered by the ceiling. As of July 2019, it appeared that the government would default on its obligations within a couple months. The budget problem was caused in part by lower tax revenue (due to new tax legislation that took effect in the 2018 tax year under which many companies had their taxes drastically reduced) and in part by the government having already reached its borrowing limit ($22 trillion as of March 2019). Relationship to federal budget The process of setting the debt ceiling is separate and distinct from the United States budget process, and raising ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chip Roy
Charles Eugene "Chip" Roy (born August 7, 1972) is an American attorney and politician serving as the U.S. representative for Texas's . A member of the Republican Party, Roy took office on January 3, 2019. Before his election to Congress, he served as chief of staff to Senator Ted Cruz and as first assistant attorney general of Texas. Early life and education Roy was born in Bethesda, Maryland, and raised in Lovettsville, Virginia. Growing up near the Potomac River, Roy was familiar with places linked to the early history of the United States. For one of his high school activities he reenacted John Brown's raid on Harper's Ferry. His parents, Don and Rhonda Roy, were conservatives who supported Ronald Reagan and helped shape Roy's political views. In late November 1949, Roy's father contracted spinal and bulbospinal polio during an epidemic. This occurred soon after his father (Roy's grandfather) died of cancer on Thanksgiving weekend. Roy's father went to Lion Camp in Kerrvi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
