Biden’s $1.5 Trillion Budget Includes 16% Increase For Domestic Programs – HEDGE accordingly
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President Joe Biden‘s $1.5 trillion 2022 budget was unveiled by the White House this week. The proposal calls for a 16 percent increase (3.3 percent of GDP) in funding for domestic programs – meaning non-defense programs would be provided with $769 billion for the upcoming fiscal year, and $753 billion would be allocated for national defense programs. Biden’s budget would only offer a slim 1.7 percent increase for military funding, a move that will likely be controversial in Congress, which is used to giving huge increases to the Pentagon. In addition, Department of Homeland Security’s budget …

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HEDGE accordingly