President Joe Biden released a $6.9 trillion fiscal 2024 budget proposal March 9, teeing up a high-stakes battle with congressional Republicans over government funding.
They face the normal Sept. 30 deadline for appropriations but will have to deal even sooner with raising the debt limit, which could trigger debates on the trajectory of federal spending.
The White House estimated the budget deficit would be $1.8 trillion for the upcoming fiscal year, with proposals that it says would reduce the cumulative deficit by $2.9 trillion over the next decade. The president asked lawmakers for bigger annual spending boosts on health, science, ...
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