Tag: Trillion

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Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes

WASHINGTON — President Biden on Thursday proposed a $6.8 trillion budget that seeks to increase spending on the military and a wide range of new social programs while also reducing future budget deficits, defying Republican calls to scale back government and reasserting his economic vision before an expected re-election campaign. The budget contains some $5…

Biden Is Set to Detail $3 Trillion in Measures to Reduce Deficits

WASHINGTON — President Biden on Thursday will propose policies aimed at trimming federal budget deficits by $3 trillion over the next 10 years as his administration embraces the politics of debt reduction amid a fight with Republicans over raising the nation’s borrowing limit, a senior administration official said on Wednesday. Mr. Biden’s plans, which will…