White House to propose $6 trillion budget for 2022
CNN
The White House on Friday will propose a $6 trillion budget for the 2022 fiscal year, a senior administration official tells CNN, as President Joe Biden prepares to outline his spending blueprint for the first time in his formal request to Congress.
The budget proposal calls for the most sustained spending in more than a half-century, which forecasts deficits at more than $1 trillion for at least the next decade. The budget proposed by the White House is the President's opening offer to Congress in negotiations over the federal budget and is expected to change before being signed into law. Congressional Republicans are already sounding the alarm about the Biden administration's spending plan and deficits -- a point they rarely discussed during the Trump administration -- as the question of the size and scope of economic recovery looms large in Washington.
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