Biden Sends $7 Trillion FY 2024 Proposed Budget to Congress

President Biden recently submitted to Congress his proposed budget recommendation for federal fiscal year (FY) 2024, which totals about $6.9 trillion. Of this amount, $4.2 trillion would be in mandatory spending and $1.9 trillion in discretionary spending. Defense spending would receive an approximately 3% increase from FY 2023 for a total of $885 billion in discretionary spending,... Read More