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Biden to seek record $6 trillion for 2022 federal budget: NYT
Al Jazeera
US President Joe Biden’s budget proposal brings the federal fiscal footprint to levels unseen since World War II as he seeks to fund his infrastructure plans and expand social safety nets, The New York Times reports.
United States President Joe Biden will seek $6 trillion in federal spending for the 2022 fiscal year, taking the nation to its highest sustained levels of federal spending since World War II, The New York Times reported on Thursday. Documents obtained by the newspaper show the Democratic president’s first budget request calls for federal government spending to rise to $8.2 trillion by 2031. The deficit will run above $1.3 trillion throughout the next decade, first hitting $1.8 trillion in 2022 before tapering off, according to The New York Times.More Related News