President Joe Biden is set to propose a $6 trillion budget on Friday, which would raise the level of federal spending to its highest sustained point since World War II, according to documents reported by The New York Times.
In the report, the Times notes that the budget would also run “deficits above $1.3 trillion throughout the next decade,” and that “Biden’s first budget request as president calls for the federal government to spend $6 trillion in the 2022 fiscal year, and for total spending to rise to $8.2 trillion by 2031.”
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