Biden Lays Out Priorities in $5.8 Trillion Budget

The video outlines the administration's focus on fiscal responsibility, safety, and investments to build a better America. It highlights efforts to reduce the deficit, achieve economic growth, and manage pandemic-related challenges. The administration has cut the deficit significantly, created millions of jobs, and improved GDP growth. The video also discusses the reduction of emergency spending and the end of pandemic unemployment assistance as the economy recovers.

What is one of the key values emphasized by the speaker in terms of fiscal policy?

• Fiscal responsibility

• Increasing government spending

• Expanding military budget

• Reducing taxes for the wealthy

How much did the current administration cut the deficit by last year?

• $1.3 trillion

• $500 billion

• $350 billion

• $1 trillion

What was the GDP growth rate achieved under the current administration?

• 3.5%

• 4.2%

• 5.7%

• 6.0%

What has the strong labor market led to in terms of unemployment claims?

• Historic lows in unemployment claims

• Increased unemployment claims

• No change in unemployment claims

• Slight increase in unemployment claims

Why did the speaker decide not to continue pandemic subsidies for large businesses?

• Businesses are back and moving again

• The pandemic is worsening

• Businesses are still struggling

• There is a lack of government funds