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

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.