The Latest: Trump's $4.4T budget features soaring deficits


WASHINGTON (AP) — The Latest on President Donald Trump's proposed 2019 budget (all times local):
11:30 a.m.
President Donald Trump is sending Congress a $4.4 trillion spending plan that provides a huge increase in defense spending while cutting taxes by $1.5 trillion over the next decade. The result is soaring budget deficits.
Trump's first budget last year projected that the government would achieve a small surplus by 2027. But the new budget never gets to balance. It proposes $7.1 trillion in red ink over the next decade, basically doubling last year's forecast.
The new plan, for the 2019... read more

 
12 February 2018 in Politics, Views: 29
Source: Chron
 


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