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House Budget Committee hearing erupts into partisan debate over Biden's FY2025 budget
Summary
OMB Director Shalanda Young defended President Biden's FY2025 budget before the House Budget Committee, arguing it invests in childcare, housing and health while extending Medicare solvency; Republicans repeatedly pressed on debt, transparency and the size of proposed tax increases. Lawmakers traded sharp exchanges on entitlement solvency, border costs, defense audits and regulatory rulemaking; no formal votes occurred.
Chairman Arrington opened the hearing by welcoming OMB Director Shalanda Young but making clear his view that he "likes you a lot, but I don't like the president's budget." He framed the budget as a statement of values and repeatedly criticized proposed tax increases and projected debt growth over the next decade.
Director Shalanda Young testified that the president's FY2025 budget seeks to "lower costs for hardworking families" through investments in childcare, housing and health care while proposing revenue measures that ask the wealthiest Americans to pay more. Young said the budget would reduce the deficit by roughly $3 trillion over 10 years and would extend Medicare solvency by asking high earners to contribute more and by expanding…
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