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WASHINGTON, U.S. - The U.S. President Donald Trump rolled out his 2019 budget on Monday, unveiling some deep cuts to federal agencies and a massive funding boost for the Pentagon. Trumpís White House budget for 2019 also includes proposals to cut deficits by over $3 trillion over a decade and lower debt levels as a percentage of the gross domestic product - however, it does not balance by doing away with annual deficits. The budget also includes funding for Trumpís much-hyped infrastructure plan, which was put off in a bid to repeal ObamaCare and pass tax cuts. The budget is seeking $200 billion in government funds to stimulate $1.5 trillion in infrastructure investments. Many federal agencies ó including the State Department, the Environmental Protection Agency and the Interior Department ó would see budget cuts. Compared to the fiscal 2017 enacted level, some agencies and programs, including the Corporation for Public Broadcasting, the National Endowment for the Arts, the TIGER grant program for infrastructure projects and the Community Development Block Grant program would be eliminated. Meanwhile, other areas, including the Defense and Veterans Affairs departments, would see budget increases...Read more
By Sheetal Sukhija | Tuesday February 13, 2018
Trumpís 2019 budget: Deep cuts to some federal agencies