U.S. President Joe Biden's fiscal 2024 budget plan would boost federal funding for childcare and early childhood education by billions of dollars, ensuring free preschool for all of the country's 4 million 4-year-olds, the White House said.
Administration officials said Biden would continue to push for higher spending on the nation's "care economy," but could also take executive action to push forward his agenda, such as last week's Commerce Department announcement that firms seeking funds from aBiden's budget is expected to include anthat he has pushed for years, and other measures that would help working families, administration officials said.
"Together, these programs will lower costs for working families and provide needed financial stability to the working and middle class,” DeLauro said in a statement. The White House said the higher level of funding, totaling some $400 billion over 10 years, would increase childcare options for 16 million more young children while lowering costs for parents.
It drops Biden's previous request to fund universal preschool for 3-year-olds, choosing a more targeted approach this year, a White House official said.
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