The Biden-Harris Administration today released the President’s Budget for Fiscal Year 2025. Following historic progress made under the President’s leadership—with over 14 million jobs added since the President took office and inflation down two-thirds from its peak—the Budget protects and builds on this progress with proposals for responsible, pro-growth investments in America and the American people. The President’s Budget will lower costs for the American people, protect and strengthen Social Security and Medicare, secure Americans at home and abroad, and reduce the deficit by ensuring the wealthy and big corporations pay their fair share.