Trump Budget Abandons Deficit Reduction Goals
They’re in the money. The White House unveiled its budget yesterday, a $4.4 trillion plan that would entail a sharp increase in the federal deficit: $984 billion next year and $7 trillion over the next 10 years. The plan, titled “An American Budget,” cuts funding for programs like Medicare and food stamps — contradicting the two-year bipartisan budget President Donald Trump signed last week — but includes large military spending increases. Experts expect neither Democrats nor Republicans will support the proposal, which bucks the longtime GOP priority of balancing the federal budget.