Cybersecurity

Trump’s $4.4 Trillion Budget Boosts Defense With More Red Ink

  • President abandons GOP goal of balancing budget over a decade
  • Pentagon spending would rise 13 percent; EPA cut 25 percent
Bloomberg’s Michael McKee details what parts of President Trump’s budget could be adopted.(Source: Bloomberg)
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President Donald Trump proposed a $4.4 trillion federal budget on Monday for fiscal 2019, a plan Congress is expected to all but ignore that would slash entitlements and other domestic programs in favor of higher spending on the military and immigration enforcement.

Trump lawmakers for drastic reductions in environmental, research and diplomatic programs he’s long derided as wasteful: a 27 percent cut to the State Department; 25 percent to the Environmental Protection Agency; cost-cutting overhauls to Medicare and other social safety-net programs. That money would be partially diverted toward building a wall on the Mexican border and boosting defense spending.