President Joe Biden is pictured at the White House prior to traveling to Europe on March 23. Biden's proposed budget for the fiscal year 2023 includes billions to counter Russian aggression and a new tax on America's wealthiest.
Mandatory Credit:	Alex Wong/Getty Images

President Joe Biden is pictured at the White House prior to traveling to Europe on March 23. Biden's proposed budget for the fiscal year 2023 includes billions to counter Russian aggression and a new tax on America's wealthiest.
Mandatory Credit: Alex Wong/Getty Images

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Biden's budget proposal includes billions to counter Russian aggression and new tax on wealthiest Americans

President Joe Biden unveiled his fiscal year 2023 budget proposal on Monday, and while it includes increased funding for security and reduces the deficit, officials admit inflation could continue to cause problems for the overall economy.