President Trump Proposes Budget For Fiscal Year 2021

President Trump will propose $4.4 trillion in spending cuts over the next decade in his budget for fiscal year 2021 — a document that is expected to be quickly dismissed by the Democratic-controlled House of Representatives.

The proposal, set for release at 12:30 p.m. ET on Monday, will include slashing foreign aid by 21%, budget chief Russell Vought told NPR's Steve Inskeep.

The White House wants to boost funding for the U.S. International Development Finance Corporation while cutting other types of foreign aid, said Vought, the acting head of the...

President Trump’s budget previews the economic pitch he will be making to voters: more deficit spending to compensate for extended tax cuts and pay for everything from his border wall to boosted NASA funding. All while avoiding painful cuts to Social Security and Medicare benefits.

The document, out today, abandons Trump’s 2016 campaign pledge to eliminate the national debt by the end of a second term — as well as the less-ambitious plan in his first budget to close the gap between federal revenue and spending by 2028.

The blueprint...