Biden Signed the Comprehensive Appropriation Act for the 2023 Fiscal Year

2022-12-30

On October 29, President Biden signed the Comprehensive Appropriation Act of the Federal Government for the 2023 fiscal year (starting from October 1, 2022) to avoid the federal government being suspended due to funding problems. Biden signed the 1.7 trillion dollar bill into law on the same day on St. Croix Island, his vacation place in the United States Virgin Islands. The bill will ensure that the federal government has enough funds to operate until the end of September next year. According to the bill, the federal government spent $858 billion on defense projects in fiscal year 2023, an increase of nearly 10% over the previous fiscal year. The bill also includes a total of $45 billion in military, economic and humanitarian assistance to Ukraine. A week earlier, the bill had been passed in both houses of Congress. At that time, the time left before the federal government was suspended on December 24 was not enough to complete the process of sending the bill for signature. Biden signed a temporary appropriation bill to maintain the federal government's operation until December 30. Over the past few days, there have been huge differences between the Democratic Party and the Republican Party on the scale of expenditure in the new fiscal year and on the existence of a compulsory repatriation measure during the epidemic. (Liu Xinshe)

Edit:Hou Wenzhe    Responsible editor:Weize

Source:Xinhua News

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