Trump proposes a record $4.75 trillion budget - News Summed Up

Trump proposes a record $4.75 trillion budget


The budget is unlikely to have much effect on actual spending levels, which are controlled by Congress. President Donald Trump receives a briefing about border security at the Rio Grande in McAllen, Texas, Jan 10, 2019. Yet it projects trillion-dollar deficits for the next four years and does not balance the budget for 15 years. And it proposes shaving $818 billion from projected spending on Medicare over 10 years and cutting nearly $1.5 trillion from projected spending on Medicaid. A few domestic spending programmes would see increases, if Trump’s budget were to become law.


Source: bd News24 March 12, 2019 10:07 UTC



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