zerohedge.com / by Tyler Durden / Feb 27, 2017
As part of his proposed budget, President Trump will instruct federal agencies on Monday to assemble a spending plan for the coming fiscal year that includes sharp increases in Defense Department spending and “drastic cuts” to domestic agencies such as the State Department, the EPA and other non-defense programs, so that he can keep his promise to leave Social Security and Medicare alone, according to four senior administration officials cited by the NYT. The budget outline will be the first move in a campaign this week to reset the narrative of Mr. Trump’s turmoil-tossed White House.
Coming one day before delivering his high-stakes “State of the Union” address on Tuesday to a joint session of Congress, Trump will demand a budget with tens of billions of dollars in reductions to the Environmental Protection Agency and State Department, administration officials reported. The NYT adds that social safety net programs, aside from the big entitlement programs for retirees, would also be hit hard. Treasury Secretary Steven Mnuchin, speaking on Fox News earlier on Sunday, said Trump’s budget would not seek cuts in federal social programs such as Social Security and Medicare.
While preliminary budget
Read more ... source: The Bitcoin Channel
Let's block ads! (Why?)
Powered by Bitcoin Central