Speaker McCarthy Says Biden Budget ‘Dead on Arrival’ in House, White House Ready to Negotiate

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On Thursday, President Joe Biden unveiled his new $6.8 trillion budget. In addition to more military spending, the White House maintains it will cut nearly $3 trillion from the deficit over the next decade. Taxes would also go up on the rich, in part, to fund new social programs for the middle and lower class.

“I ran to grow the economy from the middle out and bottom up not the top down,” President Biden said from the battleground state of Pennsylvania. Critics said his budget announcement felt more like a re-election pitch.

His proposal falls into four main categories: deficit reduction, lower costs for families, protecting and strengthening Medicare and Social Security, and investing in America.

Read the full story from CBN’s Caitlin Burke:
https://www1.cbn.com/cbnnews/politics/2023/march/speaker-mccarthy-says-biden-budget-dead-on-arrival-in-house-white-house-ready-to-negotiate

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