Biden to Propose New Budget Next Week

The President of the United States, Joe Biden, is set to reveal his first detailed budget proposal on May 28, the White House announced on Wednesday.

The new budget will be for the upcoming fiscal year starting next October.

Biden took office last January, making this the first fiscal year entirely falling within his term.

It is worth noting that Biden has proposed major spending plans, including the already approved $1.9 trillion rescue bill, which provided stimulus to the U.S. economy, as well as another $4 trillion in proposed spending to upgrade infrastructure and create millions of good paying jobs.