President Trump Proposes Budget For Fiscal Year 2021
Headline Roundup February 10th, 2020
On Monday, President Trump will propose a federal budget that would cut foreign aid, reduce overall spending, make tax cuts permanent, and increase spending for a border wall.
The document is not expected to be approved by the Democrat-controlled House of Representatives.
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.
President Trump is proposing to balance the federal budget within 15 years, “shrink” the federal government and extend food stamp work requirements to Medicaid and housing programs in a $4.8 trillion spending plan being released Monday.
The plan would reduce spending by $4.4 trillion equally from discretionary and mandatory programs such as Medicare over the next decade.
The plan also includes $2 billion for the border wall, with officials saying the administration is approaching 80% of the money needed to finish the wall.
The president’s budget for fiscal 2021 would...