Federal agencies would face constrained spending growth in fiscal 2025 under President Joe Biden’s budget request, which calls for trillions in new revenue to cut the deficit.
Most agencies would have bigger base budgets in 2025 than they did in 2023 under Biden’s proposal, but few would see a huge boost, thanks to statutory spending caps put in place in the 2023 debt-limit law (Public Law 118-5). Biden sent lawmakers the document Monday, outlining major policy priorities and offering guidelines for initial negotiations on government funding. The plan comes as lawmakers continue to work on the last six appropriations ...