While talks between President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) about spending cuts as a condition for increasing the debt ceiling remain at a stalemate, House Republicans and Democrats are divided in their viewpoints about Biden’s fiscal year 2024 federal budget proposal.
On March 23, Office of Management and Budget Director Shalanda Young testified before the House Budget Committee and defended the president’s $6.9 billion budget plan that calls for multiple tax increases.
