Fiscal Year 2024 Budget Status. Congressional leaders have released the second and final bipartisan package of six 2024 fiscal year appropriations bills, teeing up a race against the clock for lawmakers to pass the bills. Russia continues its war against ukraine.

1 when adjusted to exclude the effects of shifts in the timing of certain payments, the projected 2024 deficit comes to $2.0 trillion. This week, president biden released his fiscal year (fy) 2024 budget request, which seeks total discretionary spending of $1.695 trillion, split between $886 billion for defense programs and $688 billion for nondefense, reflecting increases of three and seven percent respectively over fy23.