Fy 2024 Federal Budget Shutdown

President Biden Signs $12 Trillion Funding Package into Law

House Approves Sweeping Spending Bill, Biden Expected to Sign

March 23, 2024 3:53 PM EDT

WASHINGTON (March 23, 2024) - President Joe Biden signed into law a $12 trillion funding package on Saturday, providing a significant boost to government spending and funding for a wide range of programs and initiatives. The legislation, which passed the House of Representatives on Friday and the Senate last week, establishes an overall spending level of $1.59 trillion for fiscal year 2024. This represents a significant increase from the previous year's funding levels and reflects the Biden administration's focus on investing in infrastructure, education, and other priorities. The package includes funding for a variety of programs, including: * $1.2 trillion for defense spending * $2 trillion for education and healthcare * $1 trillion for infrastructure projects * $500 billion for climate change initiatives The passage of the funding package marks a significant milestone in the legislative process. It is the first time in several years that Congress has been able to pass a comprehensive spending bill on time. The deal would establish an overall spending level of $1.59 trillion in fiscal year