June 13, 2021

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White House to propose $6 trillion budget plan as administration seeks to reshape economy, safety net – The Washington Post

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The budget contains no new major policies from the White House and instead reflects the plans the White house has already introduced, including a $2.3 trillion infrastructure proposal, a $1.8 trillion education and families plan, and $1.5 trillion in proposed discretionary spending. It projects budget deficits above $1 trillion for the rest of the decade, which would keep Washington’s spending imbalance at elevated levels. Even without new additional spending proposals, the annual federal budget is projected to include $5.8 trillion in spending in the current fiscal year, which ends Sept. 30, 2021.

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