Trump to Propose $4.8 Trillion Budget, Big Safety-Net Cuts: DJ

President TrumpPhotographer: Al Drago/Bloomberg
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President Donald Trump will propose a $4.8 trillion budget on Monday, with sharp cuts to safety-net programs and international aid, The Wall Street Journal reportedBloomberg Terminal, citing a senior administration official.

The proposal would cut non-defense spending by 5% to $590 billion, which is below what Congress and Trump agreed to in a two-year budget deal last summer.