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Biden's Budget Will Cost $6 Trillion to Help Fund Infrastructure: NYT

AP Photo/Evan Vucci Biden s budget will propose $6 trillion for fiscal year 2022, according to a New York Times report. It will also run a $1.3 trillion deficit over a decade, which will be offset by corporate tax hikes. This will mainly fund Biden s infrastructure plan while leaving out campaign promises, like canceling student debt. President Joe Biden s first budget request will officially be unveiled on Friday, and the New York Times found that it will propose $6 trillion to help fund his major infrastructure spending plans. On Thursday, the Times reported that the $6 trillion budget proposal for fiscal year 2022 will be accompanied by deficits of $1.3 trillion over the next decade, and it will also call for total spending to increase to $8.2 billion by 2031, according to obtained documents.

UPDATE 1-What to watch for in Biden's budget: Israel, student loans, growing deficits

USA-BIDEN/BUDGET (UPDATE 1, PIX):UPDATE 1-What to watch for in Biden's budget: Israel, student loans, growing deficits

What to watch for in Biden's first full budget: Medicaid, the environment, Pentagon spending

What to watch for in Biden's budget: Israel, student loans, growing deficits

What to watch for in Biden's first full budget: Medicaid, the environment, Pentagon spending | WSAU News/Talk 550 AM · 99.9 FM

By Syndicated Content By Andrea Shalal and Trevor Hunnicutt WASHINGTON (Reuters) – President Joe Biden will unveil his first full budget on Friday, setting the stage for a pitched battle with Republicans opposed to his plans to spend trillions on infrastructure, childcare and other public works. The Democratic president in April provided a partial https://www.reuters.com/world/us/first-white-house-budget-proposal-preview-bidens-goals-2021-04-09wish list for about $1.5 trillion in government spending for the fiscal year that starts on Oct. 1, just a sliver of the total budget. Friday will see more details, from foreign aid to immigration and policing, and could include jumps in funding for Medicaid and other social programs that consume most federal government spending.