US Budget 2023-24: Biden lists out priorities for FY 2024
TCN Service/Washington DC
US President Joe Biden has unveiled Budget 2023-24 which focuses on plan to Invest in America, lower costs of living, strengthen Medicare and social security and cut taxes for working families.
Commenting on the US Budget for 2024 Fiscal Year, a White House spokesperson said the Biden administration believes that there is the need to grow the economy from the bottom up and middle out, not the top down.
“Over the past two years, in the face of significant challenges, that economic strategy has produced historic progress for the American people,” he said.
The spokesperson said under the President’s leadership, the US economy has added more than 12 million jobs. It is more than any president has created in two years and it also includes 800,000 manufacturing jobs.
“The unemployment rate has fallen to 3.4 percent, the lowest in 54 years. The Black and Hispanic unemployment rates are near record lows. The past two years were the best two years for new small business applications on record.
The Biden administration has taken action to lower costs and give families more breathing room, including cutting prescription drug costs, health insurance premiums, and energy bills, while driving the uninsured rate to historic lows.
And the President’s plan is rebuilding America’s infrastructure, making the economy more competitive, investing in American innovation and industries that will define the future, and fueling a manufacturing boom that is strengthening parts of the country that have long been left behind while creating good jobs for workers, including those without college degrees,” he added.
Key Highlights of US budget 2023-24: https://www.whitehouse.gov/omb/briefing-room/2023/03/09/fact-sheet-the-presidents-budget-for-fiscal-year-2024/ .
Click here to read US Budget 2023-24: https://www.whitehouse.gov/wp-content/uploads/2023/03/budget_fy2024.pdf
