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World Business Report: First broadcast 09/03/2023 15:32 GMT : Biden budget proposal aims to raise taxes

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Biden budget proposal aims to raise taxes

First broadcast 09/03/2023 15:32 GMT 

First broadcast 09/03/2023 15:32 GMT : Biden budget proposal aims to raise taxes

BBC World Service - World Business Report, Biden budget proposal aims to raise taxes

President Joe Biden's budget proposal aims to cut U.S. deficits by nearly $3 trillion

The US president is attempting to call out House Republicans who are demanding severe cuts to federal spending in return for lifting the government borrowing limit.

Joe Biden is today unveiling a new federal budget - one that he says would cut deficits by nearly $3tn over the next decade.

China's annual consumer inflation slowed to its lowest rate in a year in February. 

Russia has been making a push to win friends in Africa by offering free giveaways. This week Malawi was pledged 25,000 tonnes of free-fertiliser, a prime commodity for Malawi farmer. 

And report from central African Republic, a landlocked country in the heart of the continent, where people are struggling to cope with a recent sharp increase in the price of petrol and diesel.

(U.S. President Joe Biden walks with a bag on. Source:  Anna Moneymaker/Getty Images)

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First broadcast 09/03/2023 15:32 GMT : Biden budget proposal aims to raise taxes

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