Skip to Content

Biden budget aims to cut deficits nearly $3T over 10 years

KIFI

By JOSH BOAK
Associated Press

WASHINGTON (AP) — President Joe Biden’s upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade. White House press secretary Karine Jean-Pierre made the announcement Wednesday, confirming what an administration had told The Associated Press earlier, on condition of anonymity. The deficit reduction goal is significantly higher than the $2 trillion that Biden had promised in his State of the Union address last month. It’s also a sharp contrast with House Republicans, who’ve called for a path to a balanced budget but have yet to offer a blueprint. The president’s package is unlikely to pass the House or Senate as proposed.

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content