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Biden unveils record $6 trillion budget for 2022
CBSN
President Biden on Friday unveiled an historically large $6 trillion 2022 budget, making his case to Congress that now is the time for America to spend big.
In his first budget proposal, which includes roughly $4 trillion in hoped-for infrastructure and families plan spending in the years ahead, there would be continued deficits and the national debt would continue to rise, even as it eclipses the country's Gross Domestic Product, or GDP. In fiscal year 2022, the debt held by the public is expected to be $26.3 trillion, while GDP is expected to be $23.5 trillion. Despite campaigning to an extent on moderation, Mr. Biden's budget is, even in the words of White House officials on a call with reporters Friday, "transformational" and assumes a broader role for the federal government in the social safety net.![](/newspic/picid-6252001-20250214202746.jpg)
Vice President JD Vance and Ukrainian President Volodymyr Zelenskyy held a high-stakes meeting at this year's Munich Security conference to discuss the Trump administration's efforts to end the war in Ukraine. Vance said the U.S. seeks a "durable" peace, while Zelenskyy expressed the desire for extensive discussions to prepare for any end to the conflict.
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Washington — The Trump administration on Thursday intensified its sweeping efforts to shrink the size of the federal workforce, the nation's largest employer, by ordering agencies to lay off nearly all probationary employees who hadn't yet gained civil service protection - potentially affecting hundreds of thousands of workers.
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It was Labor Day weekend 2003 when Matt Scribner, a local horse farrier and trainer who also competes in long-distance horse races, was on his usual ride in a remote part of the Sierra Nevada foothills — just a few miles northeast of Auburn, California —when he noticed a freshly dug hole along the trail that piqued his curiosity.