Biden's $1.5 Trillion Budget Request Would Fund All Nails Needed for the Coffin of Fiscal Restraint
Despite the record amounts of money the federal government has spent over the last year responding to the pandemic—and the record deficits it's racked up in the process—the Biden administration continues to ask for trillions more.
Today, the White House released its first budget request. It has asked Congress to approve a $1.52 trillion budget, including $769 billion in non-defense discretionary spending (a 16 percent increase over fiscal year 2021) and $753 billion in defense spending (a 1.7 percent increase).