In his first budget outline since taking office, President Biden is proposing a $1.52 spending proposal for fiscal year 2022 (FY22), which begins on October 1, 2021. The outline, also referred to as a “skinny” proposal is a precursor to a more detailed request in the months ahead. The budget is a spending outline that provides the top-line dollar amount for the administrative agencies (e.g. Department of Labor, Department of Education), to spend. The Appropriations Committee in the House and Senate now have to agree on how to spend the money as they appropriate funds to specific programs within each agency over the next several weeks. While Congress does not have to accept any portion of the request, the outline does provide insights into the priority areas for the Administration. Public health, the economy, employment, racial equity, and climate action are among the drivers in the proposal.
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