On March 9, the Biden administration unveiled its $6.8 trillion 2024 budget proposal (pdf). Here are key takeaways from the proposal.
Most notable is that the proposed budget would increase the national debt to nearly $51 trillion over the next 10 years, saddling American taxpayers with more than $1.3 trillion in annual interest by the year 2033. The plan would also increase government spending by 8 percent in 2024 and by nearly $2 trillion over the next decade.
