Biden to propose $6T budget, increasing federal spending to highest sustained level since WWII: report

President BidenJoe BidenSan Jose shooting victims, shooter identified Romney blasts political extremes in speech accepting JFK award Senate passes bill requiring declassification of information on COVID-19 origins MORE is set to propose a budget totaling $6 trillion in the coming days, The New York Times reported early Thursday, about a third higher than pre-pandemic spending levels.

The proposal would contain major investments in infrastructure, education and health care, according to the Times, and bring federal spending levels to their highest sustained level since World War II. 

Under the plan, documents for which were obtained by the Times, the federal government would spend $6 trillion in the 2022 fiscal year and spending would increase to $8.2 trillion by the year 2031. 

The plan demonstrates that Biden shows little interest in taming the deficit, which would remain above $1 trillion through the next decade despite an expected economic recovery. The deficit only exceeded that level in the four-year period following the Great Recession and again after the COVID-19 pandemic slammed the economy.

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