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Tipsheet

Unwrapping the $1.1 Trillion Budget

President Barack Obama signed the 1,603 page Omnibus Appropriations Bill on Tuesday. The 1.1 trillion dollar spending bill ensures that the federal government will be up and running through Sept. 30, 2015.

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New to this year’s budget is a 25 million dollar Ebola emergency preparedness and response fund. Money has also been allocated to fight the terrorist organization ISIS, “including $3.4 billion to continue the air campaign and replenish weapons and $1.6 billion to train and equip our Iraqi allies.”

The Internal Revenue Service saw a $345.6 million cut, and vice-president Joe Biden will not be getting a raise. 

So where exactly is the money going? After all, 1.1 trillion dollars is an almost incomprehensible sum for the average person. To help put that number into perspective think of it this way — you could go shopping with 10 million dollars every day for 273 years and still have a million left over to buy a vacation home.

Here is how the breakdown of the government plans to spend $1.1 trillion in 2015:

1. Agriculture: $20.6 billion — $305 million decrease from 2013

2. Commerce/Justice/Science: $50.1 billion — $1.5 billion decrease

3. Defense: $490.2 billion — $3.3 billion increase

4. Energy and Water: $34.2 billion — $142 million increase

5. Financial Services: $21.8 billion — $246 million decrease

6. Interior and Environment: $30.4 billion — $300 million increase

7. Labor/Health and Human Services/Education: $156.8 billion —  unchanged

8. Legislative Branch: $4.3 billion — $100 million increase

9. Military Construction/Veterans Affairs: $71.8 billion — $1.5 billion decrease

10. State/Foreign Operations: $49 billion —  unchanged

11. Transportation/Housing and Urban Development: $53.8 billion — $2.9 billion increase

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