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Federal Budget 2024 Status

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Biden Signs Massive Spending Bill

Ending Government Shutdown, Funding Federal Programs

March 23, 2024 3:53 PM EDT

President Joe Biden signed into law the massive $1.7 trillion spending package on Saturday, March 23, 2024, averting a government shutdown and providing funding for a wide range of federal programs.

The bipartisan agreement, reached between Democratic and Republican leaders in Congress and the White House, includes funding for defense, education, healthcare, and other vital programs.

The signing ceremony at the White House was attended by congressional leaders from both parties, as well as members of the Biden administration. President Biden praised the bipartisan cooperation that led to the passage of the bill, calling it a "victory for the American people."

The spending package provides $858 billion for defense spending, $73 billion for education, and $80 billion for healthcare. It also includes funding for various other programs, such as infrastructure, energy, and veterans' affairs.

The passage of the spending bill brings to an end the uncertainty surrounding the government shutdown, which had been looming since March 18th. Government agencies had been preparing for a shutdown, which would have furloughed hundreds of thousands of federal employees.

The spending bill passed by Congress and signed by President Biden is a major step forward in providing funding for essential government programs. The bipartisan agreement reached by lawmakers is a testament to the importance of working together to address the needs of the American people.

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