Biden administration proposes $6 tril. budget amid China competition

The U.S. administration of President Joe Biden on Friday released a $6 trillion budget proposal for fiscal 2022 as it pitches massive investment plans to rebuild infrastructure and position the country to better compete with China.The budget for the year starting Oct. 1 earmarked $715 billion for the Defense Department, including $5.09 billion to enact an initiative to bolster deterrence in the Indo-Pacific region facing China's assertiveness, and plans to procure 85 F-35 fighter jets."China poses the greatest long-term challenge to the United States," the Pentagon said in its budget overvi…READ FULL ARTICLE