US President Joe Biden aims to attract more voters to his side with his new budget plan for 2025. TV channel reports this A B C.
“Biden is releasing a budget plan on Monday aimed at appealing to voters: tax cuts for families, lower health care costs, smaller deficits and higher taxes for the wealthy and corporations,” the report said.
However, according to ABC, the fiscal year 2025 proposal is unlikely to pass the House and Senate. However, it is stated that if the “Biden budget” becomes law, the deficit can be reduced by 3 trillion dollars in 10 years.
Previously in the US Congress they were able to Reach agreements on spending money to run the federal government through the end of fiscal year 2024, which begins October 1, 2023. According to the publication, the US government’s fiscal year 2024 budget will be approximately $1.66 trillion.
In turn, VTB’s president Andrey Kostin statedThat the United States will not be able to prevent the collapse of the financial system at the level of public debt the country currently has.
Previously Elon Musk guess The future of the United States is with a rising national debt.