Biden's first budget marks sharp change from Trump years
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Monday
January 30, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
MONDAY, JANUARY 30, 2023
Biden's first budget marks sharp change from Trump years

World+Biz

Reuters
09 April, 2021, 09:30 pm
Last modified: 09 April, 2021, 09:33 pm

Related News

  • Call for doubling budget allocation for ethnic people  
  • Biden's climate agenda has a problem: Not enough workers
  • China defends its Covid response after WHO, Biden concerns
  • Capitol riot panel's final report sets out case to try Trump
  • US House committee to release redacted Trump tax filings

Biden's first budget marks sharp change from Trump years

Nearly three months into a job consumed by the fight against the Covid-19 pandemic, the document offered a long-awaited glimpse into Biden’s agenda and kick-starts a grueling negotiation with Congress over what will ultimately be funded

Reuters
09 April, 2021, 09:30 pm
Last modified: 09 April, 2021, 09:33 pm
US President Joe Biden. Photo: Collected
US President Joe Biden. Photo: Collected

US President Joe Biden asked Congress to sharply increase spending to combat climate change and gun violence in a budget that marks a sharp departure from his predecessor, Donald Trump.

The $1.5 trillion budget, reflecting an 8% increase in base funding from the current year, would invest billions more in public transportation and environmental clean-ups, slash funding for a border wall and expand funding for background checks on gun sales, each goal clashing with the prior administration.

Nearly three months into a job consumed by the fight against the Covid-19 pandemic, the document offered a long-awaited glimpse into Biden's agenda and kick-starts a grueling negotiation with Congress over what will ultimately be funded.

Biden would increase spending by $14 billion across agencies to deal with the effects of greenhouse gas emissions, a shift from the Trump administration's dismissal of climate science.

The president would spend millions on dealing with rising numbers of unaccompanied children showing up at the country's southern border from Central America, including $861 million to invest in that region.

But his budget would provide no funding for the construction of a border wall, a signature Trump priority, and would increase funding for investigation of immigration agents accused of "white supremacy."

Among the biggest proposed increases in funding are for schools in poorer neighbourhoods and on researching deadly diseases other than the Covid-19 pandemic that has dominated his term in office so far.

Biden would spend $6.5 billion to launch a group leading targeted research into diseases from cancer to diabetes and Alzheimer's, a program that reflects Biden's long desire to use government spending to create breakthroughs in medical research.

Biden requested some $715 billion for the Department of Defense, roughly even in inflation-adjusted terms with this year, and a compromise between liberals trying to impose cuts and hawks who want military spending to increase.

The money earmarked for the Pentagon aims to deter China, support modernizing the nuclear missile inventory and building "climate resiliency" at military facilities.

Known as a "skinny" budget, Biden's proposal on Friday provided only cursory figures on "discretionary" programs and departments where Congress has flexibility to decide what it wants to spend for the fiscal year starting in October.

The White House had been delayed in producing the document, blaming resistance from political officials during the handover from Trump and denying that competing interests over issues like military funding played a role.

The proposal does not include Biden's $2 trillion infrastructure proposal or changes in taxation, one administration official said. Those changes would be included in a full budget proposal to be submitted in late spring.

Discretionary spending accounted for $1.6 trillion in the 2020 fiscal year, about a quarter of total federal spending. The rest is for areas deemed mandatory including old-age, disability, unemployment and medical benefits.

Each of the proposals is just the first step in a budgeting process that will ultimately be decided in the US House of Representatives and Senate, where Democrats hold bare majorities.

Biden withdrew his initial pick, Neera Tanden, to lead the Office of Management and Budget after she faced difficulty winning Senate approval. The office is currently run by acting director Shalanda Young.

Top News

Biden / First / Budget / Budget / Sharp / change / Trump

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: Collected
    Economic slump drags down growth in VAT collection from big cos
  • It's corruption that bites business harder: CPD
    It's corruption that bites business harder: CPD
  • Import slowdown to affect economic growth: ADB country head
    Import slowdown to affect economic growth: ADB country head

MOST VIEWED

  • A woman on a mobility scooter drives past a mural praising the NHS (National Health Service) amidst the continuation of the coronavirus disease (COVID-19) pandemic, London, Britain, March 5, 2021. REUTERS/Toby Melville/File Photo
    Hundreds of thousands of UK healthcare workers balloted for strikes
  • FILE PHOTO: A general view shows the Island of Kunashir, one of four islands known as the Southern Kuriles in Russia and the Northern Territories in Japan, December 20, 2016. REUTERS/Yuri Maltsev/File Photo
    Russia rules out talks with Japan on fishing near disputed islands
  • Chief Executive of oil producer Rosneft Igor Sechin attends a meeting with Russian President Vladimir Putin at the Novo-Ogaryovo state residence outside Moscow, Russia February 15, 2021. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS/File Photo
    Russia's Sechin says Taiwan will return to China 'on schedule'
  • FILE PHOTO: US Representative Michael McCaul (R-TX) arrives at Trump Tower to meet with US President-elect Donald Trump in New York, US, November 29, 2016. REUTERS/Mike Segar/File Photo
    Odds 'very high' of US military conflict with China, top Republican says
  • China's and U.S.' flags are seen printed on paper in this illustration taken January 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
    China says willing to communicate with US military but 'red lines' should be respected
  • Photo: Reuters
    UAE museum unveils Torah scroll that survived the Holocaust in tolerance push

Related News

  • Call for doubling budget allocation for ethnic people  
  • Biden's climate agenda has a problem: Not enough workers
  • China defends its Covid response after WHO, Biden concerns
  • Capitol riot panel's final report sets out case to try Trump
  • US House committee to release redacted Trump tax filings

Features

Nandita Sharmin's journey to give organic skincare a new identity

Nandita Sharmin's journey to give organic skincare a new identity

12h | Mode
Illustration: TBS

'The silver lining is that the worst is sort of behind us': Hamid Rashid, UN economist

15h | Panorama
Photo: Bloomberg

BuzzFeed and AI are a match made in fad city

14h | Panorama
Snipe in flight. Photo: Enam Ul Haque

Baikka Beel: 'A world where snipe work late'

1d | Panorama

More Videos from TBS

Sarika Sabrin is waiting for a good film

Sarika Sabrin is waiting for a good film

5h | TBS Entertainment
Take your football game to the next level at Next Level academy

Take your football game to the next level at Next Level academy

6h | TBS SPORTS
“Investments risky without consistent policy, reliable data”- SK Bashir Uddin

“Investments risky without consistent policy, reliable data”- SK Bashir Uddin

8h | TBS Round Table
What does Shahrukh has in his 770 million dollar property?

What does Shahrukh has in his 770 million dollar property?

1d | TBS Entertainment

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

3
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

4
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

5
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]