The 2025 Spending Fight Has Officially Begun — and It’s Going to Be Big – By Yuval Rosenberg and Michael Rainey (The Fiscal Times) / May 17, 2024
Happy Friday and let’s go Knicks in six! Here’s your weekend fiscal update.
The 2025 Spending Fight Has Officially Begun — and It’s Going to Be Big
November’s presidential election looms over the appropriations process for 2025, as members of Congress will want to wait to see who wins the White House and which party can exert leverage over spending plans. But after a prolonged and painful process this past year, there are already signs that funding the federal government for 2025 will once again involve significant tension as Republicans and Democrats clash over non-defense spending levels in particular.
“It’s going to be a big fight,” Sen. John Cornyn of Texas said, according to The Hill.
The Fiscal Responsibility Act that codified a bipartisan budget deal last year calls for both defense and non-defense to rise by 1% for fiscal year 2025. Republicans and defense hawks say that doesn’t make sense given the global threats the country faces. Democrats insist that spending on healthcare, infrastructure and other programs is essential — and that parity has been the key to getting appropriations done in recent years.
