Biden’s Budget Sets Up Battle With GOP, Would Cut Deficits by $3 Trillion Over 10 Years
PoliticsPresident’s proposal would raise taxes on businesses and wealthy people Source link
Budget Figures
Biden Seeks Extension of Trump Tax Cuts for Most Households
The extension would target households making under $400,000 a year. The tax cuts are scheduled to lapse after 2025 unless...
Joe Biden’s Budget Proposal for 2024: What to Know
PoliticsPresident’s budget blueprint Thursday will lay out his priorities for government spending, set stage for talks with Republicans Source link
U.S. Deficit Shrank Last Fiscal Year, but Is Poised to Widen as Economy Slows
The U.S. budget deficit narrowed last year, but a cooling economy and rising interest rates put it on track to...
Biden’s Budget Calls for Increase in Defense Spending, Including Funds for Ukraine
WASHINGTON—President Biden on Monday released a $5.8 trillion budget that envisions a substantial increase in U.S. defense spending, a sign...
Biden Emphasizes Deficit Reduction in Bid to Pass Economic Agenda
WASHINGTON—The Biden administration and top Democrats are embracing efforts to reduce the federal deficit as they seek to gain support...
House Passes $3.5 Trillion Budget Blueprint, Sets Deadline for Infrastructure Bill
WASHINGTON—The House narrowly passed a measure approving a $3.5 trillion budget blueprint and locking in a late September vote on...
Biden Policies Would Help Unwind Destructive Forces of Inequality, Climate Change, Yellen Says
WASHINGTON—The U.S. economy needs ambitious fiscal policy to help unwind destructive forces, such as racial inequality and climate change, that...
U.S. Budget Deficit Widened to a Record $1.7 Trillion for Six Months, as Stimulus Checks Fueled Spending
The U.S. budget deficit grew to a record $1.7 trillion in the first half of the fiscal year as a...
U.S. Budget Deficit Widened to $1 Trillion From October Through February
WASHINGTON—The federal budget gap widened 68% in the first five months of the fiscal year, as government spending continued to...
U.S. Debt on Track to Hit a Record 107% of GDP by 2031, CBO Says
WASHINGTON—Federal deficits are projected to soar over the next decade, but not as much as officials forecast last summer, thanks...
