Follow the Money: The Meaning Behind President Joe Biden’s Fiscal Year 2024 Budget Request

March 2023
Region: Americas
Yesterday, President Joe Biden put forward an outline of his Fiscal Year 2024 Budget Request to Congress, laying out his funding and policy priorities and recommendations for the fiscal year that begins on October 1. Not surprisingly, Republicans uniformly panned it, and Democrats embraced it. Political obstacles stand in the way of Congress passing a budget resolution, but the starting gun for appropriations season has been fired. Notably, the debt ceiling is inextricably linked to spending decisions, and partisan rhetoric is on the rise from both sides of the aisle.