Trump proposes a record $4.75 trillion budget

Trump proposes a record $4.75 trillion budget

Trump proposes a record $4.75 trillion budget

In seeking $8.6 billion for more than 480 kilometres of new border wall, the budget request would more than double the $8.1 billion already potentially available to the president for the wall after he declared a national emergency at the border last month in order to circumvent Congress - although there's no guarantee he'll be able to use that money if he faces a legal challenge, as is expected.

Russ Vought, director for the Office of Budget and Management, says the president has concentrated budgetary efforts on fiscal responsibility and reigning in the irresponsible spending that has caused so many problems in Washington.

"President Trump's budget takes steps in the right direction, but there is still much work to do", said Steve Womack, a Republican from Arkansas who sits on the House Budget Committee.

But Trump's own budget calculations show that reducing taxes and making heavy cuts to domestic programs doesn't balance the budget (at least not for 15 years and not without some big assumptions).

"The president's fiscal year 2020 budget promises a new era of "MAGAnomics" and to put "Taxpayers First, '" Ms. Alexander said".

The White House and Congress must agree on funding by October 1 to keep the government funded and open - which coincides with the deadline to lift the debt limit, or risk a default, which would have severe economic repercussions.

Democratic congressional leaders Nancy Pelosi and Chuck Schumer decried the move, warning Trump that another legislative defeat would await him.

Congress approved roughly $1.4 billion for border fencing projects for the 2019 fiscal year, well under the $5.7 billion Trump asked for.

A few weeks later, Congress agreed to fund $1.375 billion to finance 55 miles of barrier on the border in Texas.

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There were no survivors on the ill-fated aircraft which had 157 persons on board, comprising 149 passengers and 8 crew members. He was a "towering figure in African and post-colonial scholarship", said the school's president, Benoit-Antoine Bacon.

The White House's fiscal year 2020 budget proposes a five percent increase in defense, taking military spending up to $750 billion, up from $716 in the current fiscal year.

The White House forecast in its budget that the economy will grow at an average of 3 per cent each year over the next decade, including 3.2 per cent in 2019.

Non-defence spending was held below those caps, thanks to steep proposed funding cuts to the State Department (23 per cent) and Environmental Protection Agency (31 per cent), among others. There's a 10 percent increase in spending on veterans and money to fight the opioid drug crisis. The administration predicts that the United States will return to budget balance in 2034. 'This is a clear roadmap for a more fiscally responsible future if Congress chooses to follow it'.

In addition, Trump's proposed budget includes $845 billion in cuts to Medicare, a program Trump vowed to protect during the 2016 presidential campaign.

Trump mainly takes the $2.7 billion he plans to cut from foreign aid, welfare reform, student loans, federal retirement. The proposal urges Congress to eliminate funding for 29 discretionary programs within the U.S. Department of Education, alleging the services either do not address national needs, duplicate other programs, "are ineffective, are poorly targeted", or are more appropriately supported by state, local, or private funds. It was immediately panned by Democrats, who control the House of Representatives and blocked Trump's push for border wall funding in a standoff that led previous year to a five-week partial federal government shutdown.

A resolution opposing the emergency declaration quickly passed in the House, and the Republican-controlled Senate is poised to vote on that resolution this week.

However, the USMCA, which acted as a replacement for NAFTA, has yet to even be ratified by Congress.

In this March 6, 2019, photo, President Donald Trump speaks in the Oval Office of the White House in Washington. The Democratic-led House already did so, and a handful of Republican senators, uneasy over what they see as an overreach of executive power, are expected to join Senate Democrats in following suit. He also said Mexico would pay for it, though the Mexican government has repeatedly refused to finance the project.

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