Us 2024 Budget Current News. Alan auerbach and william gale analyze the federal budget outlook, finding that the debt to gdp ratio will rise to 211% by 2054 under current policy. Congressional leaders said on tuesday morning that they had reached an agreement on the final package of spending legislation to fund the federal government.
Top congressional negotiators in the early hours of thursday unveiled the $1.2 trillion spending bill to fund the government through september, though it remained. The budget invests more than $24 billion to help build communities’ resilience to floods, wildfires, storms, extreme heat, and drought brought on by climate.