President Biden Eyes $6T Budget Proposal to Bolster U.S. Economy, Livelihood

1 min read

President Biden plans to present a $6 trillion investment in transportation, infrastructure, education, environmental efforts and other factors relevant to the U.S. economy, the New York Times reported Thursday.

The planned budget proposal for fiscal year 2022 aligns with Biden's agenda to improve the nation's social security standards and modernize public infrastructure. 

Biden's plan would require historically high levels of spending for water piping, manufacturing research, internet service, and other investments that aim to sustain U.S. global competitiveness.

The investment would also include boosted spending in the areas of social welfare and national security. New York Times reported Biden's plan might require borrowed funds in addition to boosted tax revenue.

ExecutiveGov Logo

Sign Up Now! Executive Gov provides you with Free Daily Updates and News Briefings about Government Technology

Become a Registered Reader
Register to enjoy unlimited access to articles, interviews, and invaluable govcon content. You'll also receive our daily briefing straight to your inbox.

This will close in 0 seconds