Trump to seek another $8.6 billion for border wall

GettyImages-Trump Mexico wall

GettyImages-Trump Mexico wall

She noted that Russian Federation and the United States still have two years to decide whether to extend the treaty, adding that Washington would make its final decisions based on what would best uphold the safety and security of the American people.

President Donald Trump is relying on an optimistic projection of 3.1 percent economic growth to bring his proposed $4.7 trillion budget into balance in the future, along with accounting shuffles and steep cuts to domestic programs.

President Donald Trump's new budget is returning to an old fight over spending on a border wall with Mexico. We have a crisis down there.

Tax cuts have been a priority for the Republican White House and Congress in recent years, rather than deficit reduction. Chuck Schumer (D-NY) issued late Sunday evening. The same thing will repeat itself if he tries this again. They said money "would be better spent on rebuilding America".

The document outlines $2.7 trillion in spending cuts aimed at slashing nondefense spending by five percent.

The deficit in the last fiscal year was $779 billion, or 3.9 percent of GDP.

The White House request represents the first marker in what's certain to be another protracted battle between the Trump administration and congressional negotiators - particularly Democrats who hold the majority in the House. And they've already resisted Trump's signature push to spend more money building a wall along the U.S. -Mexico border, prompting a 35-day federal government shutdown that ended in January. He finally agreed to reopen the government when lawmakers provided him $1.375 billion for new border construction, and he then announced his plans for the national emergency.

The budget deficit has already climbed 77 percent in the first four months of the current fiscal year through September, according to Treasury Department data.

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Democrats on Sunday were quick to announce Trump's new border wall funding proposal dead on arrival. Many lawmakers view the declaration as an overreach of executive power. Congress and the White House must agree on a new budget deal by the end of September. But with Democrats in charge of the House, the plan is going nowhere on Capitol Hill. Without an increase in the limit, the USA government would risk a default, which could shock the world economy. If every American family contributed $1,000 a month too reduce the debt, it would still take 11 years to erase it, the group says.

So far, only 111 miles (179 km) have been built or are underway, officials said.

We don't need billions of dollars for a wall that no one wants. He also said that Mexico would pay for it, though the Mexican government repeatedly has refused to finance the project.

"As the president said, across the board, the deal has to be good for the United States, for our workers and our farmers, and our manufacturers, got to be good", Kudlow said.

His top advisers have not provided information to back up many of those assertions, but Kudlow said Sunday that Trump planned to keep fighting. "We're going to do our own (spending) caps this year and I think it's long overdue". Under the budget, both programs would be turned over to the states starting in 2021.

The Democratic chair of the House budget committee, John Yarmuth of Kentucky, called proposed cuts to essential services "dangerous" and said Trump had already added almost $2tn to deficits with "tax cuts for the wealthy and large corporations, and now it appears his budget asks the American people to pay the price". The State Department will see its spending cut by 23 percent, the Environmental Protection Agency will suffer a 31 percent chop, and food stamps will be cut by $17 billion and other welfare programs by $22 billion.

The proposal will also include $1bn for a childcare fund that would seek to improve access to care for underserved populations, a White House official said.

The budget proposal "gives the president the ability to say he has fulfilled his commitment to gain operational control of the southwest border", an administration official told Reuters. This is in part because Trump has instructed aides not to pursue any structural changes to Medicare, the health-care program for millions of older Americans.

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