Has The 2024 Federal Budget Passed

President Biden Signs $12 Trillion Spending Package

Massive Spending Package Approved by Senate

Bipartisan Package Funds Various Government Programs

Washington, DC - March 23, 2024 (EDT) - President Biden signed a $12 trillion spending package into law on Saturday, marking a significant legislative victory for the Biden administration and Congress.

The package, which was approved by the Senate in the early hours of Saturday morning, provides funding for various government programs, including education, healthcare, and national defense.

Congressional leaders have released the second and final bipartisan package of six 2024 fiscal year appropriations bills, paving the way for a smooth transition into the new fiscal year. The package was the result of months of negotiations between Democrats and Republicans, and represents a compromise between the two parties.

The spending package is part of the broader $1.7 trillion omnibus appropriations bill, which includes funding for the entire federal government for the fiscal year that begins on October 1, 2024.

President Biden praised the passage of the spending package, calling it "a historic investment in our nation's future." He said that the package will "make a real difference in the lives of Americans, providing critical support for education, healthcare, and national security."

The spending package is expected to have a significant impact on the U.S. economy. It is estimated to add $1 trillion to the federal deficit over the next decade, but is also expected to create millions of jobs and boost economic growth.