Trump to propose $4.8 trillion US budget with large cuts in safety nets: WSJ
US President Donald Trump will release a $4.8 trillion budget on Monday that will propose steep cuts to social safety net programs and foreign aid, the Wall Street Journal reported on Sunday.
The budget will raise military spending by 0.3% to $740.5 billion for the fiscal year 2021, starting Oct. 1, the Journal reported, citing a senior Trump administration official.
It will also propose higher outlays for defense and veterans, according to the report.
Trump, a Republican, on Monday planned to release his budget, a blueprint for administration spending proposals that is unlikely, again, to be passed by the Democratic-controlled House of Representatives, particularly in an election year.
According to the Journal, the White House proposes to slash spending by $4.4 trillion over 10 years. The Trump budget
targets $2 trillion in savings from mandatory spending programs, the newspaper said.
That includes $130 billion from changes to Medicare prescription-drug pricing, $292 billion from cuts in safety net programs - such as work requirements for Medicaid and food stamps - and $70 billion from tightening eligibility rules for federal disability benefits, the Journal reported.
JPMorgan boss warns US facing most severe risks since World War II
Americans skipping meals to afford housing: Poll
Biden claims Chinese smart cars spy on US citizens, infrastructure
Factbox: Is Meta facilitating Israel’s AI-aided bombing of Palestinians in Gaza
VIDEO | Panic grips Israel as regime fears arrest warrants from ICC
Iran: Police violence against student protests exposes US hypocrisy
Netanyahu stonewalling truce deal: Top Hamas official
Israel ‘too cowardly’ to respond to Iran’s retaliatory strikes: Yemen’s Ansarullah
Daesh attack kills 13 Syrian army troops, allied forces: Report
VIDEO | Press TV’s news headlines
VIDEO | Smoke clouds billow over Berlin after fire at factory with chemicals storage
This makes it easy to access the Press TV website
