With just months to go until the US government would be forced to default on its sovereign debt, President Joe Biden is using his fiscal year 2024 budget plan to lay down a marker and force Republicans to the negotiating table in an effort to break a monthlong stalemate over government spending levels and the debt limit.
Mr Biden is set to unveil his FY24 budget proposal in a speech delivered in Philadelphia on Thursday, but White House Press Secretary Karine Jean-Pierre previewed key details at Wednesday’s daily press briefing. She told reporters that the president’s budget would cut at least $3 trillion from the federal deficit — a full trillion more than what he promised to slash in last month’s State of the Union address to Congress.
