President Joe Biden on Thursday signed a $1.66 trillion bill funding the U.S. government for fiscal year 2023, the White House said in a statement.
Biden signed the bill, which passed Congress last week, while vacationing on the Caribbean island of St. Croix.
The legislation includes record military funding, emergency aid to Ukraine, more aid for students with disabilities, additional funding to protect workers' rights and more job-training resources, as well as more affordable housing for families, veterans and those fleeing domestic violence.
The 4,000-plus page bill passed the Senate on a bipartisan vote of 68-29, with the support of 18 of the 50 Senate Republicans. It passed the House of Representatives on a largely party-line vote of 225-201.
The funding bill includes a roughly 6% increase in spending for domestic initiatives, to $772.5 billion. Spending on defense programs will increase by about 10%, to $858 billion.
Nasdaq set to confirm bear market as Trump tariffs trigger recession fears
Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field
China to impose tariffs of 34% on all US goods
Shares bruised, dollar crumbles as Trump tariffs stir recession fears
Wall Street futures sink as tariffs fuel recession fears
