{"id":1933641,"date":"2023-05-19T00:10:30","date_gmt":"2023-05-19T04:10:30","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-budget-reduces-amounts-for-emergency-requirements-cbo\/"},"modified":"2023-05-19T00:12:25","modified_gmt":"2023-05-19T04:12:25","slug":"biden-budget-reduces-amounts-for-emergency-requirements-cbo","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-budget-reduces-amounts-for-emergency-requirements-cbo\/","title":{"rendered":"CBO: Biden budget cuts emergency funding."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-budget-reduces-amounts-for-emergency-requirements-cbo%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1933641&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Biden&#8217;s Proposed Budget Falls Short of Projections<\/h2>\n<h3>What You Need to Know<\/h3>\n<p>President Joe Biden&#8217;s proposed discretionary budget for 2024 is lower than expected, according to a report by the Congressional Budget Office (CBO). The proposed funding is 4% below CBO projections for the year and 12% for the coming decade. The reductions were achieved by budgeting less for emergency requirements than the CBO had projected. Spending is also below CBO projections by about 2%. Defense spending is 3% below CBO&#8217;s projection, and all other categories are 1% under the estimate.<\/p>\n<h3>What is Discretionary Spending?<\/h3>\n<p>Discretionary spending is spending that Congress votes on each year. This includes funding <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republicans-vowed-to-elect-more-women-they-did-just-that\/\" title=\"Republicans Vowed To Elect More Women...They Did Just That\">national defense<\/a>, border security, transportation, education, some veterans&#8217; benefits, environmental protection, nutrition programs, and most other government services. The other major category in the federal budget is non-discretionary spending. It is called non-discretionary because Congress does not vote on its approval. This includes funding for programs like Social Security, Medicare, and student loans, which were approved by Congress years ago.<\/p>\n<h3>Lowest Percentage of GDP in 50 Years<\/h3>\n<p>Measured as a percentage of the nation&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/its-official-trump-crushes-record-for-largest-gdp-increase-in-us-history-3rd-quarter-gdp-up-33-1\/\" title=\"IT'S OFFICIAL: Trump Crushes Record for Largest GDP Increase in US History -- 3rd Quarter GDP Up 33.1%\">gross domestic product<\/a> (GDP), the two categories of discretionary spending total 5.3%. Defense spending is projected to equal 2.5% of GDP and non-defense spending 2.8%. This is the lowest percentage of GDP in both categories for 50 years, according to the CBO.<\/p>\n<h3>What Does This Mean?<\/h3>\n<p>President Biden&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-budget-reduces-amounts-for-emergency-requirements-cbo\/\" title=\"CBO: Biden budget cuts emergency funding.\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-kills-trump-budget-cuts-totaling-27-4-billion\/\" title=\"Biden Kills Trump Budget Cuts Totaling .4 Billion\">proposed budget<\/a> falls short<\/a> of projections, but it is important to understand the difference between discretionary and non-discretionary spending. While discretionary spending is subject to annual approval by Congress, non-discretionary spending is not. The proposed budget may have an impact on funding for national defense, border security, transportation, education, veterans&#8217; benefits, environmental protection, and nutrition programs. It remains to be seen how Congress will respond to the proposed budget and what changes may be made.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Biden&#8217;s 2024 discretionary budget falls short of Congressional Budget Office projections. The proposed funding is 4% below CBO estimates for the year and 12% for the next decade. A May 18 report states that around 75 words.<\/p>\n","protected":false},"author":1793,"featured_media":1933642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[3620,4463,16309,3862,4469,6513],"class_list":["post-1933641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times","tag-biden","tag-budget","tag-cbo","tag-cuts","tag-emergency","tag-funding"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1933641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1793"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1933641"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1933641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1933642"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1933641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1933641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1933641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}