The budget is expected to include money for traditional infrastructure needs, such as roads, pipes, and broadband internet, as well childcare subsidies, universal pre-kindergarten, and national paid parental leave, according to the Times.
Joe Biden is expected to propose a $6 trillion budget for 2022 that would break World War II-era debt records, the New York Times reported Thursday.
The budget will drive federal spending to $8.2 trillion by 2031, according to the Times. Federal debt would reach 117% of economic output by 2031, and would break the record set by the United States in World War II by 2024.
The budget is expected to include money for traditional infrastructure needs, such as roads, pipes, and broadband internet, as well childcare subsidies, universal pre-kindergarten, and national paid parental leave, according to the Times.
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