President Joe Biden released his Fiscal Year 2022 budget request to Congress on Friday, the first formal budget of his presidency and a sharp departure from his predecessor, Donald Trump. Biden’s budget incorporates his two signature domestic proposals, the American Families Plan and the American Jobs Plan, neither of which has been seriously debated by Congress yet. It also illustrates how different Biden’s priorities are from Trump’s. For example, it requests an increase of 41% for the Department of Education over last year, plus 23% more for the Department of Health and Human Services, and 22% more for the ... (full story)

Where we choose to invest speaks to what we value as a Nation. This year’s Budget, the first of my Presidency, is a statement of values that define our Nation at its best. It is a Budget for what our economy can be, who our economy can serve, and how we can build it back better by putting the needs, goals, ingenuity, and strength of the American people front and center. The Budget is built around a fundamental understanding of how our economy works and why, for too long and for too many, it has not. It is a Budget that reflects the fact that trickle-down economics has never worked, and that the best way to grow our ... (full story)