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Fiscal Year 2024

All articles tagged with #fiscal year 2024

politics1 year ago

"United States Senate Committee on Appropriations Issues Major News Release"

U.S. Senator Patty Murray and other top appropriators have released a bipartisan package of six fiscal year 2024 appropriations bills, fully funding WIC, protecting vital funding for the economy, ensuring safety, and rejecting extreme Republican riders. The package includes measures to protect nutrition assistance, sustain funding for the economy, keep passengers safe, support veterans and firefighters, and reject drastic cuts and extreme policies. Murray emphasized the importance of bipartisan cooperation and urged for the package to be signed into law to complete the funding for the remaining six bills.

via United States Senate Committee on Appropriations|
#appropriations#bipartisan-package#fiscal-year-2024
business1 year ago

"Clorox's Strong Q2 Performance Boosts Sales and Stock Soars"

Clorox reported a 16% increase in net sales to $1.99 billion for the second quarter of fiscal year 2024, driven by higher volume and favorable price mix, despite a 6% decrease in diluted net earnings per share. The company's operational recovery from a cyberattack was highlighted, with progress in rebuilding retailer inventories and delivering cost savings. Clorox updated its fiscal year 2024 outlook, expecting a low single-digit decrease in net sales, a 200 basis points increase in gross margin, and diluted EPS between $3.06 and $3.26.

via The Clorox Company|
#business#clorox#cyberattack-recovery
business1 year ago

"Clorox's Q2 FY 2024 Results and Outlook Update"

Clorox reported a 16% increase in net sales to $1.99 billion for the second quarter of fiscal year 2024, rebounding from a cyberattack. Despite a 6% decrease in diluted net earnings per share, adjusted EPS increased 120% to $2.16. The company made progress in recovering from the cyberattack and introduced new product innovations. Clorox updated its fiscal year 2024 outlook, expecting net sales to be down low single digits and gross margin to increase about 200 basis points.

via The Clorox Company|
#business#clorox#cyberattack
politics2 years ago

"Congressional Leaders Reach Bipartisan Spending Deal to Avert Shutdown Threat"

Congressional leaders have announced a spending deal for government funding in 2024, with $1.59 trillion allocated for fiscal year 2024, including $886 billion for defense spending and $704 billion for non-defense spending. While this deal reduces the chances of a shutdown, there are still hurdles to overcome, including addressing demands related to immigration and border security. President Biden expressed support for the bipartisan funding framework, emphasizing the importance of preventing a government shutdown and protecting national priorities.

via CNN|
#congressional-leaders#fiscal-year-2024#government-funding
politics2 years ago

"Congressional Leaders Reach Bipartisan Spending Deal to Avert Shutdown Threat"

Congressional leaders have reached a spending deal to avert the next government shutdown, setting top-line spending for fiscal year 2024 at $1.59 trillion. The agreement maintains the previously agreed defense and non-defense funding levels, with Republicans securing concessions including a $10 billion cut in IRS funding and a claw-back of $6 billion in COVID-19 relief funds. Lawmakers will now work on individual spending bills to prevent a shutdown before the funding deadlines on Jan. 19, with Democrats claiming the deal as a win for maintaining Biden's negotiations while Republicans push for key policy riders.

via ABC News|
#bipartisan-agreement#congressional-leaders#fiscal-year-2024
immigration2 years ago

USCIS Hits H-1B Cap for FY 2024

The U.S. Citizenship and Immigration Services (USCIS) has reached the congressionally mandated cap for fiscal year 2024, receiving enough petitions to fill the 65,000 H-1B visa regular cap and the 20,000 H-1B visa U.S. advanced degree exemption. Non-selection notices will be sent to registrants who were not chosen, while exemptions for certain categories of H-1B petitions will still be accepted and processed. The H-1B program allows U.S. businesses to employ foreign workers in specialty occupations.

via USCIS|
#cap-reached#fiscal-year-2024#h-1b-visa
gaming2 years ago

GTA 6 Release Window Confirmed for Fiscal Year 2024

Take Two, the publisher behind Rockstar, is expecting significant revenue in fiscal year 2024, leading to speculation that Grand Theft Auto 6 will be released during that period. The company forecasts $8 billion in net bookings, compared to $5.5 billion in the current fiscal year, suggesting a major release is planned. This aligns with previous hints from Take Two about groundbreaking titles in the pipeline. A massive leak last year had no impact on the game's development, further supporting the assumption that GTA 6 is targeting a release between April 2024 and March 2025.

via Push Square|
#fiscal-year-2024#gaming#gta-6
politics2 years ago

Gov. Pritzker and Democratic leaders reach $50B state budget agreement.

Illinois Governor JB Pritzker and Democratic leaders announced a deal on the state's 2024 fiscal year budget, which includes historic investments in violence prevention, education, workforce development, and behavioral health services. The budget also includes a $20 million initiative to expand food access in underserved areas. This marks the fifth balanced budget since Pritzker took office in 2019, and he anticipates it will pass the Senate and House as is. The governor will need to sign the budget before the new fiscal year starts on July 1.

via WGN TV Chicago|
#budget#democrats#fiscal-year-2024
defense-budget2 years ago

Pentagon requests $1 trillion defense budget with focus on procurement and munitions stockpile.

The US government is on track to spend $1 trillion on defense soon, with the Biden administration proposing an $886.3 billion budget for national defense in fiscal year 2024. Despite grumblings from both the far left and far right, the defense budget is likely to increase by more than 3.2% and reach the $1 trillion milestone. Lawmakers are looking for ways to make the Pentagon more efficient and reduce personnel costs, which have surged. The focus is on delivering the necessary outcomes for the warfighter while being respectful of taxpayers' money.

via Roll Call |
#defense-budget#defense-spending#efficiency