Biden'S 2024 Budget Plan. Washington ― president joe biden released a federal budget monday that carves out new social programs for housing, health care and child care and reduces the deficit by $3 trillion over the. The budget invests more than $24 billion to help build communities’ resilience to floods, wildfires, storms, extreme heat, and drought brought on by climate change, expand conservation and.
It builds on our historic economic progress by lowering costs for families, strengthening and protecting medicare and social security, defending vital programs from devastating republican cuts, and cutting the deficit by. As political gridlock puts the government at risk of defaulting, biden is making an opening offer with a budget plan that would cut deficits by $2.9 trillion over the next decade — a proposal that republicans already intend to reject.