US President Joe Biden Announces Budget 2023-2024

US President Joe Biden presented the budget for the fiscal year 2024 and unveiled the government's plans to cut $3 trillion from the fiscal deficit over the next decade. On March 10, the Biden Government also increased taxes for the rich, to boost military spending to stop China and Russia from moving beyond their borders, support down payments for first-time homebuyers, extend healthcare subsidies and other benefits for its people.