Connect with us

Hi, what are you looking for?


Biden set to release first detailed budget of his presidency on May 27, United States News & Top Stories

WASHINGTON (REUTERS) – US President Joe Biden will unveil the first detailed budget proposal of his term in office on May 27, a spokesman said, offering a window into his priorities from defence spending to deficit reduction.

Biden in April outlined a glimpse at plans for about US$1.5 trillion in “discretionary” spending, which represents only part of the budget.

The full budget, which covers the fiscal year starting in October, will be the first exhaustive list of the programmes Biden wants to expand or cut – from foreign aid to immigration and policing. Rob Friedlander, a spokesman for the Office of Management and Budget, confirmed the late-May release date.

As the economy stumbles to recover from the coronavirus pandemic, the budget will offer a sense of how much the government wants to rein in deficit spending, as well as how it sees taxes and economic growth helping its agenda.

But it’s merely one step in a spending process as Biden works to muscle through Congress some US$4 trillion in spending on proposals ranging from infrastructure to childcare. Lawmakers must sign off on any spending Biden requests.

The outline Biden released in April marked a sharp departure from his Republican predecessor Donald Trump, spreading billions across areas ranging from public transit, poor schools, toxic site clean-ups, and background checks on gun sales, but nothing on border walls.

But Biden’s plans for the Department of Defence drew the most attention. Liberals were disappointed that the roughly-even funding on an inflation-adjusted basis at US$715 billion would fail to cut wasteful Pentagon spending. Conservatives want more spending to counter threats from China, Russia, Iran and North Korea.

Source link

Leave your vote



You May Also Like


Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae.


Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.


Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.


Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.