Biden to propose $6T budget, increasing federal spending to highest sustained level since WWII: report
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(Worthy News) – President Biden is set to propose a budget totaling $6 trillion in the coming days, The New York Times reported early Thursday, about a third higher than pre-pandemic spending levels.
The proposal would contain major investments in infrastructure, education and health care, according to the Times, and bring federal spending levels to their highest sustained level since World War II.
Under the plan, documents for which were obtained by the Times, the federal government would spend $6 trillion in the 2022 fiscal year and spending would increase to $8.2 trillion by the year 2031. [ Source: The Hill (Read More…) ]
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