April 26, 2024

Biden Budget Proposes $6 Trillion Annual Spending as Inflation Soars to 29-Year High

President Joe Biden released his budget Friday, proposing $6.01 trillion in annual spending even as the economy is going through record inflation. The Commerce Department reported Friday that core personal consumption expenditures hit a 3.1 percent annual gain in April — the highest since May 1992. The plan calls for a 36.6 percent increase in…

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