"Biden Unveils Populist 2025 Budget Proposal Amid Partisan Divide"

President Biden proposed a $7.3 trillion budget for the 2025 fiscal year, emphasizing tax increases on corporations and high earners to support new spending on social programs and combat high consumer costs. The budget includes measures to reduce housing costs, tax cuts for those earning less than $400,000 a year, and aims to reduce deficits by about $3 trillion over the next decade. However, with Republicans controlling the House, the proposal faces significant opposition and is seen as a platform for Biden's re-election campaign.