The Washington Post

Biden to unveil budget proposal Thursday


President Biden plans to unveil his upcoming budget proposal to Congress with unusual fanfare on Thursday, holding a campaign-style event intended to trumpet an economic agenda imperiled by high inflation and Republican debt limit threats. Biden plans to roll out the tax-and-spending plans at a Philadelph­ia union hall, a venue in a competitiv­e battlegrou­nd state that will highlight the president’s worker-centric political pitch in the weeks running up to his expected announceme­nt of a 2024 reelection bid.

The main highlight of the proposal for the 2024 fiscal year is a pledge to cut $2 trillion from the government’s deficit over 10 years, and to extend the life of the Medicare health benefit program by at least two decades.

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