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FY23: Biden Blames 'Predecessor' For Fiscal Mismanagement

WHITE HOUSE

President Joe Biden has delivered remarks at the White House announcing his budget for FY23. Biden: 'Its been a busy couple of days.'

  • Biden says the budget announced today shows:
    • 'A clear message of fiscal responsibility,'
    • 'safety and security,'
    • 'investments needed to build a better America.'
  • The president reiterates his State of the Union pledge to spend more on policing and ditch the 'defund the police' tag.
  • Biden says the labour market is strong and unemployment is low because investment made in the pandemic response.
  • Biden: Pandemic spending will be dramatically less than last year.
  • Biden: 'Corporations and the very wealthy will pay their fair share.'
  • Biden: 'No-one earning under USD$400k will pay more tax.'
  • Biden says the US will need more investment in space, technology, and cyber to compete with geopolitical adversaries Russia and China.
  • Biden again promises Build Back Better items like free universal pre-K, to cap childcare at 7 percent, and provide more funding for federal Pell grants.
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