Pres. Joe Biden on Friday unveiled a $6 trillion budget proposal for fiscal year 2022, which includes his costly initiatives already announced, including the American Jobs Plan and American Families Plan.
for fiscal year 2022, which includes his costly initiatives already announced, including the American Jobs Plan and American Families Plan.
The budget unveiling traditionally kicks off lengthy negotiations or fights with Congress, which must approve federal spending.President Joe Biden delivers remarks on the economy at the Cuyahoga Community College Metropolitan Campus, May 27, 2021, in Cleveland. Federal spending would rise to about 25% of GDP and the budget forecasts the economy would grow 5.2% this year.
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