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Who Wins and Loses in Trump’s Proposed Budget

President Trump released a partial outline of his 2018 budget on Thursday, proposing billions of dollars in spending cuts to most government agencies to pay for large increases in military and homeland security spending, resulting in a 1.2 percent cut in discretionary spending over all. (Source: New York Times) The tough choices he promised would […]

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Trump budget plan could add $6tn to public debt in a decade, analysts say

Donald Trump’s tax-cutting and spending plans could add another $6tn to the US public debt over the next 10 years, independent budget analysts have calculated, as the Congressional Budget Office warned the US’s current spending plans alone could trigger a financial crisis. The CBO released its latest assessment of the US budget and economic outlook […]