US President Joe Biden is expected to present the country’s draft budget for the financial year 2022, which is estimated at $ 6 trillion.
This budget is the largest since World War II in terms of spending, and includes large items of spending to develop infrastructure, education, health care and combat climate change, while Biden plans to finance the budget, by increasing taxes on companies and high-income people.
It is worth noting that the United States economy witnessed a decline of 32.9% during the second quarter of 2020 due to the crisis caused by the outbreak of the Corona virus.
Source: Russia Today
