Joe Biden S Proposed Budget Would Increase Federal Spending To Equal 25 Of U.S. Economy Most Since Wwii
The New York Times first obtained documents about the budget request, reporting that Biden will call for total spending to rise to $8.2 trillion by 2031 with deficits topping $1.3 billion throughout the decade. The growth would be driven by Biden’s two latest proposals to update the country’s infrastructure and social safety net: the American Jobs Plan and American Families Plan. The Associated Press reported that the 2022 budget, the first of Biden’s presidency, would include his $2....