United States President Biden is expected to release a $6 trillion budget proposal but Republicans are concerned about the pledge issuing a warning over inflation. The budget is said to incorporate the $2 trillion infrastructure proposal, the $1.8 trillion American Families Plan and details the president’s $1.5 trillion request from the Pentagon and domestic agencies. The budget will push federal spending to its highest sustained level since World War II and the deficit is likely to hit $1.8 trillion next year despite tax hikes.
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Friday, May 28, 2021
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