A shutdown was avoided on 30 September for 45 days (until 17 November 2023). ![]() As of September 2023, a Continuing resolution is needed to prevent a Government shutdown. The $886 billion National Defense Authorization Act is facing reconciliation of the House and Senate bills after passing both houses 27 July 2023 the conferees have to be chosen, next. On 3 June 2023, the debt ceiling was suspended until 2025. In January 2023 Treasury Secretary Janet Yellen announced the US government would hit its $31.4 trillion debt ceiling on 19 January 2023 the date on which the US government would no longer be able to use extraordinary measures such as issuance of Treasury securities is estimated to be in June 2023. The budget funds five branches of the US military: the Army, Navy, Marine Corps, Air Force, and Space Force.Īs of 10 March 2023 the fiscal year 2024 (FY2024) presidential budget request was $842 billion. The military budget pays the salaries, training, and health care of uniformed and civilian personnel, maintains arms, equipment and facilities, funds operations, and develops and buys new items. The military budget of the United States is the largest portion of the discretionary federal budget allocated to the Department of Defense (DoD), or more broadly, the portion of the budget that goes to any military-related expenditures. Military budget of China, USSR, Russia and US in constant 2019 US$ billions Military spending as a percent of federal government revenue Yearly spending of the United States military
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