On the recordJune 12, 2023
President Biden proposed a full-blown budget that contains substantial deficit reduction, $3 trillion over 10 years.
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congress.govPresident Biden proposed a full-blown budget that contains substantial deficit reduction, $3 trillion over 10 years.
Yellen outlines Biden's budget plan aimed at reducing the national deficit.
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The most recent and optimistic estimate I’ve seen suggested that the average household will see on the order of $1,000 reduction in income.
I am optimistic, because I believe that the big inflationary impulse that we saw in 2022 largely was global.