Biden Budget to Propose $6 Trillion in 2022 Spending
U.S. President Joe Biden on Friday will ask Congress for the authority to spend nearly $6 trillion in 2022, which would give him the resources to begin implementing an ambitious agenda of infrastructure investment and expanded social programs. However, the blueprint would also increase federal spending to a nearly unprecedented share of the U.S. economy and drive the national debt to new highs. The budget request will forecast continued increases in federal spending over the next decade, eventually rising to $8.2 trillion in 2031, according to The New York Times. Much of that increase reflects the $2.3 trillion infrastructure plan andmore
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