President Joe Biden has released a $ 6 trillion budget request that pulls together his most ambitious spending plans into one massive proposal, featuring historic investments in highways, child care and climate change.
Assuming a federal budget gap of more than $ 1,000 billion for the next decade, the long-delayed paper focuses on raising the middle class, expanding the social safety net, and strengthening U.S. competitiveness through the world. It combines Biden’s $ 2.3 trillion infrastructure plan, his $ 1.8 trillion family proposal, and $ 1.5 trillion in discretionary spending to fund federal agencies for the next fiscal year.
“Together, this budget is an agenda for robust and sustainable economic growth and widely shared prosperity,” said Shalanda Young, Biden’s acting budget director in the White House. “It will provide a strong economy now and for decades to come. “