Here’s what you need to know to navigate the markets today.
• President Joe Biden is expected to unveil his $6 trillion budget for fiscal 2022 on Friday, driven by his plans to modernize the nation’s infrastructure and significantly expand the social safety net. The budget would increase total spending to $8.2 trillion by 2031, the highest sustained levels of federal spending since World War II, while running deficits of more than $1.3 trillion over the next decade, The New York Times reported. The proposal reflects the president’s...