US President Joe Biden will present his draft budget for fiscal 2024 on Thursday, March 9. This was stated in a statement from the White House. TASS.
On Thursday, March 9, the President will travel to Philadelphia, Pennsylvania, to present the Fiscal Year 2024 Budget.
It was stated that the speech of the American president will be devoted to “investing in America, plans to continue lowering prices for Americans” and closing the government budget deficit.
Formerly Congressional Budget Office warned risk of default in July-September 2023 if the public debt ceiling is not raised.
On February 8, it was learned that the US trade deficit was announced. augmented It rose 12.2% to reach a record $948.1 billion in 2022.
In mid-January, the State Department announced that the re- come back status of “workshop of the world”, so the economy urgently needs reindustrialisation. At the same time, the need for such measures arose due to the fact that America began to grow due to the supply of goods from other countries.