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Prior to a meeting with Ukrainian President Volodymyr Zelenskyy, U.S. President Joe Biden announces a military aid package of more than $8 billion for Ukraine and directs The Pentagon to allocate all remaining security funds to Ukraine by the end of his presidential term in January 2025.
2024-09-26

The Congressional Budget Office forecasts a deficit of US$1 trillion next year, up from the previous estimate of $892 billion.
2019-08-21

President Donald Trump's proposed budget for fiscal year 2018, titled "America First: A Budget Blueprint to Make America Great Again," has a $2 trillion accounting error over 10 years because it uses the same money twice for two different purposes.
2017-05-24

The White House releases a proposed budget that includes an increase in spending for the military but a decrease in healthcare and welfare.
2017-05-23

Lockheed Martin embarks on corporate overhead cost cutting reviews, another initiative following business selloffs and personnel layoffs. In the face of U.S. budget constraints, Lockheed’s actions are in step with those of other major U.S. defense contractors.
2015-10-23

U.S. President Barack Obama vetoes the $612 billion annual defense authorization bill because of the way it would sidestep budget limitations for the military and because it would restrict the transfer of detainees being held at Guantanamo Bay. This is the President's fifth veto since 2009.
2015-10-22

The US Senate confirms Janet Yellen as the new chair of the Federal Reserve; Yellen will be the first woman to hold this post.
2014-01-6

US Senate passes H.R. 5949, FISA Amendments Act Reauthorization Act, which extends the Foreign Intelligence Surveillance Act of 1978 Amendments Act of 2008 five more years until December 31, 2017. The US House of Representatives also voted for the extension earlier this month.
2012-12-29

The President of the United States Barack Obama announces a new defense strategy, cutting spending dramatically.
2012-01-5