Category: FY 2024 Budget Proposal

Biden Budget Reduces Amounts for Emergency Requirements: CBO

May 18, 2023
Congressional Budget OfficeFY 2024 Budget ProposalPoliticsUSUS President Joe Biden
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President Joe Biden’s proposed discretionary budget for 2024 is well below baseline projections for both funding and spending that were estimated by the Congressional Budget Office (CBO). The president’s proposed funding is 4 percent below CBO projections for the year and 12 percent for the coming decade, according to a May 18 report. About 75…

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OMB Director Young Defends Biden’s Budget Plan at House Budget Committee Hearing

March 24, 2023
congressFY 2024 Budget ProposalHouse Budget CommitteeOffice of Management and Budget Director Shalanda YoungPoliticspresident joe bidenUS
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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…

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