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Trump to Propose $4.8 Trillion Budget With Big Safety-Net Cuts — The Wall Street Journal


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Trump to Propose $4.8 Trillion Budget With Big Safety-Net Cuts — The Wall Street Journal

WASHINGTON—President Trump is expected to release a $4.8 trillion budget Monday that charts a path for a potential second term, proposing steep reductions in social-safety-net programs and foreign aid and higher outlays for defense and veterans. The plan would increase military spending 0.3%, to $740.5 billion for fiscal year 2021, which begins Oct. 1, according…

Trump to Propose $4.8 Trillion Budget With Big Safety-Net Cuts — The Wall Street Journal

WASHINGTON—President Trump is expected to release a $4.8 trillion budget Monday that charts a path for a potential second term, proposing steep reductions in social-safety-net programs and foreign aid and higher outlays for defense and veterans.

The plan would increase military spending 0.3%, to $740.5 billion for fiscal year 2021, which begins Oct. 1, according to a senior administration official. The proposal would lower nondefense spending by 5%, to $590 billion, below the level Congress and the president agreed to in a…

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