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Trump Budget Going Nowhere on Capitol Hill

Trump Budget Going Nowhere on Capitol Hill

Congress' top Democrats, House Speaker Nancy Pelosi and Senate leader Chuck Schumer, predict that Trump's latest demand for border wall money will result in another defeat for the president.

White House economic adviser Larry Kudlow conceded that the new request would likely mean a renewed fight in Congress over wall funding.

Still, it's hard to see this budget proposal as a serious effort at curing Washington's fiscal problems.

President Donald Trump on Monday will request at least another $8.6 billion in funding to build more sections of a wall along the Mexico border, setting up a fresh battle with Congress less than one month after Trump declared a national emergency.

During the 2016 campaign, Trump repeatedly promised to build a wall along the Mexico border.

The Committee for a Responsible Budget said Trump's budget would add $10.5 trillion to the debt over a decade, and criticized the White House for what it called a "fantasy assumption" of 3 percent economic growth over that timeframe - higher than the 2 percent average used by independent forecasters.

Presidential budgets are always as much about politics as they are about financial planning-maybe more so.

The administration is also asking Congress for $USD40 billion to fund the State Department's work on global diplomacy and aid in fiscal 2020, a slight increase from last year's request but nowhere close to addressing deep cuts made in 2017.

Looking ahead to Trump's 2020 budget proposal, due on Monday, Kudlow called the expected request for a 5 percent across-the-board reduction in domestic spending tough but necessary.

An official 2020 White House budget won't appear until later this year. Congress may resist it, but we also think that they have an interest in, we hope they have an interest in maintaining, in getting rid of the deficit.

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Ajax's Noussair Mazraoui competes for the ball with Real Madrid's Gareth Bale . Barnett said: "Gareth deserves the greatest of respect".

Other ideas, however, are more likely to gain traction - like the administration's request for almost $300 million to combat HIV/AIDS and lower new transmissions of the disease by 90 percent within a decade.

In this March 6, 2019, photo, President Donald Trump speaks in the Oval Office of the White House in Washington.

"President Trump's budget once again lays out an irresponsible and cynical vision for our country, without any regard for its human cost", Kentucky Democrat John Yarmuth, chairman of the House Budget Committee, said in a statement. The administration projects that the move will reduce the deficit from five percent of GDP in 2020 to less than one percent within ten years.

Trump also calls for defense spending to rise more than 4 percent to $750 billion, using the emergency Overseas Contingency Operations (OCO) account - derided by conservatives as a slush fund - to skirt spending caps set out in a 2011 fiscal restraint law.

The proposal also cuts down on 29 programs that are either ineffective, not addressing national needs or could be better supported at the state or local levels, according to the Education Department.

Instead of building a wall, Pelosi and Schumer suggested Trump begin "rebuilding America".

At that point, the emergency declaration is expected to be tied up in court challenges.

The White House included a similar concept in the previous year's budget proposal, but rejected a similar scheme in MA, arguing it was illegal for the state to accept rebate payments from drugmakers without covering all available treatments.

The proposed wall funding comes after Trump on February 15 declared a "national emergency" at the border - an edict the White House says allows it to tap a total of $8.1 billion, including $1.38 billion Congress OK'd for border fencing, for a wall Congress explicitly denied him.

Even with the proposed cuts, the White House proposal would not eliminate the budget deficit until the mid-2030s.

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