President Biden Releases Executive Budget Proposal, Prioritizes Working People

President Biden unveiled his new federal budget yesterday, building on his commitment to fostering an economy that focuses on putting working families first.

Biden's budget proposal reduces the federal deficit by nearly $3 trillion and includes proposals aimed at lowering the cost of healthcare, prescription drugs, childcare, housing and education while making new investments in domestic manufacturing, cancer research and a paid family leave program.

Included in the budget is $1.2 billion for the Second Avenue Subway extension and new train tunnels under the Hudson River, but because the funding was already allocated in the $1 trillion infrastructure bill that was signed into law in 2021, it does not require additional congressional approval.

Read more in the Guardian, as well as a statement by AFL-CIO President Liz Shuler.