Biden to unveil $6 trillion budget proposal

According to a new report from the NY Times, President Joe Biden is set to reveal a $6 trillion national budget proposal for the 2022 fiscal year on Friday.

The budget is expected to be focused on expanding social security programs and upgrading US infrastructure.

Per Lisa Abramowicz “The measure of inflation most watched by the Fed surges to the highest since 1992. U.S. personal consumption expenditure core price index:”

“The recent inflation we have seen will be temporary, it’s not something that’s endemic,” US Treasury Secretary Janet Yellen said Thursday.