Last week, President Biden unveiled his fiscal year (FY) 2025 budget request, which kicks off the FY 2025 congressional budget cycle. The President’s budget request is the product of months of coordination with federal agencies, which have been engaged in internal budget planning for as much as 18 months before the start of the fiscal year, and the request serves as a statement of Administration policy and priorities for the upcoming fiscal year..
1. Despite the release of the President’s FY 2025 budget request, Congress continues to work on finalizing funding levels for FY 2024 via two tranches. First, on March 8, 2024, the Senate approved the first House-passed FY 2024 funding package to fund the Departments of Agriculture, Energy, Housing and Urban Development, Transportation, Veterans Affairs, Interior, Commerce and Justice, as well as the Environmental Protection Agency.
2. With respect to the second tranche of FY 2024 funding, lawmakers face a March 22nd deadline to fund the remaining six spending bills—Defense, Financial Services and General Government, Homeland Security, Labor-Health and Human Services, Legislative Branch, and State and Foreign Operations. |
3. DHC’s Washington, D.C. office engages Administration officials and Members of Congress at every stage of the appropriations cycle, successfully advocating for millions of dollars in funding for our clients’ priority projects and programs.
4. As the FY24 cycle comes to a close, the DHC federal team is ramping up for what is expected to be a condensed FY25 budget process.
The late start and the upcoming Presidential election will compress the window in which the FY25 Appropriations bills can be worked on by Congress.
DHC is keeping clients up to speed and working with them to get a jump on Congressionally Directed Spending applications, programmatic requests, and policy proposals.
The actual timeline for the FY25 cycle won’t become clear until the final FY24 bills are passed, so stay connected to hear about any updates as they come in.
