Original version

BBC World Service East Asia

Business Matters

Discussion & Talk

Factual: Money

Global business and finance news and discussion from the BBC

Global business and finance news and discussion from the BBC.

BBC World Service Australasia

BBC World Service East and Southern Africa Schedule

BBC World Service East and Southern Africa

BBC World Service Online

BBC World Service schedule for American satellite radio and the Caribbean

BBC World Service Americas and the Caribbean

BBC World Service

BBC World Service South Asia

BBC World Service News Internet

BBC World Service Europe and the Middle East

BBC World Service West and Central Africa Schedule

BBC World Service West and Central Africa

Business Matters: Joe Biden's budget plan aims to cut US deficit by $3 trillion over 10 years

Joe Biden's budget plan aims to cut U.S deficit by $3 trillion over 10 years

09/03/2023 GMT

Joe Biden's budget plan aims to cut US deficit by $3 trillion over 10 years

BBC World Service - Business Matters, Joe Biden's budget plan aims to cut US deficit by $3 trillion over 10 years

The US president will propose increases in taxes on companies and high earning people

The US  president will propose raising taxes on companies and people earning over $400,000 a year.

President Joe Biden's budget proposal will propose raising taxes on companies and people earning over $400,000 a year. The Democratic leader wants to ensure the wealthy and large corporations pay their fair share while cutting wasteful spending on special interest interests, like Big Oil and Big Pharma.

The German company Adidas on Wednesday slashes dividends and shakes up its management. We ask what will happen to the billions of dollars worth of remaining Yeezy gear left over from its former partnership with Ye (yay) or Kanye West.

The Dutch government says it'll restrict the export of certain types of equipment used to make microchips  or semiconductors because of security concerns.This comes after pressure from the United States to get the Netherlands to restrict China's access to high- end chip technology.

(Photo: US President Joe Biden addresses the International Association of Fire Fighters (IAFF) 2023. Credit: Reuters)

Accessibility links

Programme Index

Business Matters

Joe Biden's budget plan aims to cut US deficit by $3 trillion over 10 years

Genres

Formats

Brand

BBC World Service East Asia

About BBC World Service