“I want to clarify that I am ready to meet with the speaker at any time, even tomorrow, if he [has proposals] on the budget.
State them to me and tell me what you intend to do, ”TASS quotes Biden.
On March 9, the Biden administration requested $842 billion in military spending for fiscal year 2024, up 3.2% from 2023.
The draft budget contains the allocation of money to get ahead of China in global competition and continued support for Ukraine.
The document suggests that US spending will be more than $6.8 trillion, and revenues - about $5 trillion.
The budget deficit in fiscal year 2024 will amount to $1.846 trillion.
The Speaker of the House of Representatives considered Biden's proposals frivolous.