Trump Plan Postpones Balanced Budget Despite Deep Spending Cuts
- Blueprint makes stronger growth assumptions than forecasters
- Defies Congress with $8.6 billion border wall funding request
Employees arrange copies of the fiscal year 2020 budget inside the Government Publishing Office (GPO) production facility in Washington, D.C.
Photographer: Andrew Harrer/BloombergPresident Donald Trump will propose a U.S. budget that wouldn’t balance for 15 years, even assuming stronger economic growth than private forecasters expect and with deep domestic spending cuts that have little chance of passing Congress.
Trump’s budget blueprint, to be released Monday, asks lawmakers to slash funding for most federal government agencies while boosting defense spending and setting aside $8.6 billion for a wall along the U.S.-Mexico border, according to a White House preview. The plan faces certain rejection by Democrats now in control of the U.S. House and will kick off a new political battle over spending priorities.