.POTUS's fiscal 2024 budget marks the return of some expensive and expansive spending proposals that were blocked earlier in his administration before he likely announces his reelection campaign.
But as the president burnishes his debt reduction credentials, his fiscal 2024 budget marks the return of some expensive and expansive spending proposals that were blocked earlier in his administration before he likely announces his reelection campaign.Biden's budget, if cleared by Congress, would be"a disaster for capital development and formation," Club for Growth President David McIntosh told the Washington Examiner.
Bipartisan Policy Center Senior Vice President Bill Hoagland amplified the importance of considering debt in terms of gross domestic product. Biden should be trying to decrease deficits by $6-8 trillion over the next decade, according to the former Republican Senate budget and appropriations aide. During a campaign-style event in the battleground state of Pennsylvania, Biden framed his budget as a"from the bottom up and middle out" investment in"all of America," including"folks who've been forgotten amid the economic upheaval of the past four decades."
"To continue efforts to restore and strengthen American democracy, the budget proposes $5 billion in new election assistance funding to be allocated over 10 years, $1.5 billion to support increasing the living allowance provided to AmeriCorps members so that national service is a more accessible pathway to success, and $73 million to support American history and civics education programs," a White House fact sheet adds.
"Look, as we effectively make the transition to stable and steady growth, which we've also talked about a lot over the past month, having wound down emergency programs from the pandemic and gotten our economy back on track, we would not expect to continue to see large deficit reduction year to year," she said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
President Joe Biden to visit Monterey Park during imminent West Coast swingBiden’s visit will coincide with a larger visit to the West Coast as he gears up for a potential re-election run. His trip to Monterey Park will focus on his efforts to reduce gun violence in…
Read more »
President Biden Set to Unveil Budget Plan Seeking Big Deficit CutsWith the government at risk of defaulting, President Joe Biden will propose a federal budget that would cut deficits by nearly $3 trillion over the next decade.
Read more »
PolitiFact - No, President Joe Biden isn’t in the Guantanamo Bay detention campA recent Facebook post presenting eight photos of President Joe Biden claims that he’s incarcerated at the U.S. military
Read more »
Republicans at hearing seek to shift blame for oil price spike from Russia to DemocratsHouse Republicans attacked President Joe Biden Wednesday for his record release from the...
Read more »