Congress Passes Fiscal 2024 Defense Spending Bill, Pay Raise for Service Members (2024)

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Congress Passes Fiscal 2024 Defense Spending Bill, Pay Raise for Service Members? ›

Compensation: The bill fully funds the requested 5.2% pay raise for servicemembers and civilians and provides $29.6 billion for military housing and $8.4 billion for subsistence for military families—all of which are critical to supporting our servicemembers and their families.

"This important legislation not only authorizes a 5.2% pay increase for service members and civilian employees ... but directly invests in America's national security and military power projection to meet the challenges of the 21st century," said Pentagon Press Secretary Air Force Maj.

As a result, the agreement provides multi-year procurement authority for six munitions programs requested in the fiscal year 2024 President's budget request: Advanced Medium Range Air-to- Air Missile, Naval Strike Missile, Guided Multiple Launch Rocket System, PA TRI OT Advanced Capability-3 Missile Segment Enhancement ...

For the 63rd consecutive year, Congress has reached a bipartisan, bicameral agreement to pass the National Defense Authorization Act (NDAA).

WASHINGTON — On Friday, after the House passed a package of the remaining six Fiscal Year (FY) 2024 spending bills by a bipartisan vote of 286 to 134, the Senate took it up and passed it early Saturday morning with wide support by a margin of 74 to 24.

House passes $1.2T federal spending bill, sending measure to Senate ahead of midnight shutdown | U.S. Representative Scott Perry.

Military pay will increase 5.2% for 2024, compared to 2023 levels.

A lack of competitive pay hurts the recruitment, retention, and quality of the civil service. The Biden Administration has worked to reverse these trends, providing federal employees a 4.6 percent pay raise in 2023 and a 5.2 percent raise in 2024.

The FY25 National Defense Authorization Act (NDAA) made it out of the House Armed Services Committee Wednesday night, and there are some really attractive bits in there if one is junior enlisted or looking to join up.

Funding a 4.5% pay raise for all military personnel. Providing $2.5 billion for an additional 15% pay increase for junior enlisted servicemembers. Prohibiting the moving of National Guard missions, functions, or personnel to the Space Force in contravention of current law.

What is the VA funding bill for 2024? ›

2024 mandatory funding includes $160.0 billion in traditional benefits to Veterans, plus $1.9 billion for construction and $20.3 billion for the Cost of War Toxic Exposures Fund (TEF). VA anticipates supporting 453,824 Full-time Equivalent (FTE) staff in 2024 using all funding sources.

Although the United States spends more on defense than any other country, the Congressional Budget Office projects that defense spending as a share of gross domestic product (GDP) will decline over the coming years — from 2.9 percent of GDP in 2024 to 2.5 percent in 2034.

Russia's official 2022 military budget is expected to be 4.7 trillion rubles ($75bn), or higher, and about $84bn for 2023, 40% more than initial military budget announced in 2021. Reuters reported that governments documents showed military spending would exceed $100bn in 2023.

Senator Collins was a lead negotiator of the bipartisan legislation. Washington, D.C. – Today, by a vote of 75-22, the U.S. Senate passed the six-bill Fiscal Year 2024 (FY24) appropriations package.

President Joe Biden on Saturday signed a $460 billion package of spending bills approved by the Senate in time to avoid a shutdown of many key federal agencies. The legislation's success gets lawmakers about halfway home in wrapping up their appropriations work for the 2024 budget year.

Washington, D.C. – The Fiscal Year 2024 Defense Appropriations Act provides $825 billion in total funding.

Washington, D.C. – Today, the Senate voted 72-24 to send the final set of bicameral, bipartisan fiscal year 2024 appropriations bills to the President's desk to be signed into law. The House cleared the package in an overwhelming 286-134 vote on Friday.

President Biden has signed a $1.5 trillion spending bill that funds the government through the end of September, a package that includes all 12 annual appropriations bills for FY 2022 along with $13.6 billion in support for Ukraine and refugees fleeing the Russian invasion.

The House vote was bipartisan, with 286 members for it — 185 Democrats and 101 Republicans — and 134 against.

What is the NDAA 5.2% pay raise? ›

The FY24 NDAA: Boosts Servicemember pay and benefits and improves the quality of life for military families by including a 5.2% pay raise for military service members, the largest in 20 years.

This bill authorizes FY2024 appropriations and sets forth policies for Department of Defense (DOD) programs and activities, military construction, the national security programs of the Department of Energy (DOE), and the Maritime Administration, as well as the Department of State and the Central Intelligence Agency ( ...

Most significantly, section 101 modifies the two expiration dates established in the second continuing resolution (Further Continuing Appropriations and Other Extensions Act, 2024, Public Law 118-22), changing those dates to March 1, 2024 (from January 19, 2024), and March 8, 2024 (from February 2, 2024).

Must-Pass Defense Bill Includes 4.5% Military Pay Raise on Top of 15% Increase for Junior Enlisted Troops. A key House panel is endorsing a 4.5% across-the-board pay raise for service members on top of a 15% raise for junior enlisted troops in a must-pass defense policy bill that was released Monday.