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President Joe Biden is scheduled to unveil his 2023 federal finances on Monday afternoon on the White Home.
The finances request to Congress options tax hikes on the ultra-wealthy and firms whereas offering billions of {dollars} in new spending for the Protection Division and the Justice Division.
General, the 2023 fiscal yr finances shifts focus away from the Covid-19 pandemic, which has subsided after the huge omicron wave late final yr. Notably, there are not any emergency pandemic or supplemental funds being requested.
Instead of Covid, the finances focuses on the necessity to sort out crime and public security, and the worldwide peril created by Russia’s invasion of Ukraine.
