New bill proposes $71 billion for infrastructure
Major policy, funding provisions of $1.1 trillion omnibus spending bill.
On Tuesday, Dec. 9, top lawmakers released a massive 1,603 page, $1.1 trillion omnibus spending bill funding every government agency but the Department of Homeland Security through Sept. 30. The measure also contains dozens of policy provisions affecting financial regulations, the environment, school lunches, and new regulations requiring truckers get more rest. Provisions include:
—Overall spending. $1.013 trillion for core agency budgets for day-to-day operations, with $521 billion for defense and $492 billion for non-defense. That represents about one-third of the federal budget and is essentially a freeze at current levels. Another $64 billion is provided for overseas military operations.
—Defense. Provides a base budget of $490 billion to the Pentagon, a $3.3 billion increase. Maintaining 1.3 million active-duty troops and 820,800 reserves would cost $128 billion. Another $162 billion is provided for operations and maintenance; procurement of new weapons systems, including 38 new F-35 fighters, totals $92 billion.
—Overseas military operations. Provides $73.7 billion for overseas military operations and diplomatic efforts by the State Department to combat terrorism, including $3.4 billion to continue the air campaign against Islamic State militants and $1.6 billion to train the Iraqi military. Provides $4.1 billion to train and equip Afghanistan's military.
—Transportation. Provides $71 billion for transportation programs, including $40 billion in highway funding for states. Aid to Amtrak would be maintained at $1.4 billion.
Click here to read the entire story.
Source: AP/ Star Tribune
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
This digital edition is sponsored by BECK AMERICA Inc.
Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
This digital edition is fully searchable and contains live links to every advertiser and new product listing. Click away!
