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What to know about Biden s first budget proposal

Biden releases $6T budget that foresees decade of trillion-dollar deficits

The blueprint released by the White House ties together three major spending proposals already announced by Biden: the $2.3 trillion American Jobs Plan, the $1.8 trillion American Families Plan and $1.5 trillion in discretionary spending for fiscal 2022. Combined with mandatory spending programs, the 2022 budget would spend $6 trillion, about $300 billion more than current projections for the year, with much of the spending going toward education, health, science research and infrastructure. ADVERTISEMENT “The country had been weakened by decades of underinvestment in these areas, squeezed by budget caps,” acting Office of Management and Budget Director Shalanda Young said Friday. Nondefense spending would increase by 16 percent in 2022, with defense budgets expanding by 1.7 percent.

US Army bracing for FY22 budget hit

US Army bracing for budget hit next year 5 hours ago A group of Army Reserve Soldiers from the 76th Operational Response Command move between buildings after conducting building clearing operations during an urban assault mission on Camp Williams, Utah, April 16. (Photo by Sgt. 1st Class Brent C. Powell/U.S Army) WASHINGTON The U.S. Army is bracing for a possible large budget cut in fiscal 2022, a defense official told Defense News. The service is preparing contingencies should it face a “huge cut,” which means the Army would potentially have to put modernization and readiness “at risk,” the official said.

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