(CNN)President Joe Biden on Friday proposed a $6 trillion budget for fiscal year 2022, laying out details of a proposed dramatic increase in federal spending that serves as the underpinning of an economic agenda that seeks to transform the American economy as the country emerges from dual public health and economic crises.
The budget proposal, which is an opening bid in negotiations with Congress and is expected to change before being signed into law, calls for the most sustained period of spending in more than half a century. The White House budget serves more as a marker of administration priorities than a policy blueprint destined to be signed into law. It would invest heavily in Biden’s top priority areas including infrastructure, education, research, public health, paid family leave and childcare.
Source: President Biden has released his $6 trillion budget. Here’s what’s in it. – CNNPolitics
