Biden Budget Seeks More Aid for Education, Healthcare and Housing
The proposed budget seeks 8.4 percent more in discretionary spending
President Joe Biden released his wish list for the federal budget on Friday, asking for an 8.4 percent increase in discretionary spending with substantial gains for education, healthcare, housing and environmental protection.
The request issued by the White House Office of Management and Budget spells out Biden's top priorities as Congress weighs its spending plans for next year. It's the first financial outline of Democrats' broader ambitions since the expiration of a 2011 law that capped discretionary spending.
Roughly a third of the huge federal budget consists of discretionary spending, which is funding for the military, foreign policy and domestic programs set by Congress. The rest of the budget involves mandatory spending that is locked-in each year, such as Social Security, Medicare and Medicaid.
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