Budget, FY 2019: The Era of Trump Deficits Has Begun - NBC 6 South Florida
President Donald Trump

President Donald Trump

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Budget, FY 2019: The Era of Trump Deficits Has Begun

Some conservatives have lashed out over the new spending on the domestic programs while others see the spending justification for a massive restructuring of entitlements like Medicare, Medicaid and Social Security

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    NEWSLETTERS

    Trump's 2019 Budget Boosts Defense, Slashes Safety Nets

    Proposed 2019 budget includes increases in military spending, but sharp cuts to social programs. (Published Tuesday, Feb. 13, 2018)

    The Trump administration has released the 2019 fiscal budget, a likely dead-on-arrival political blueprints for how the president thinks Washington should raise and spend money, NBC News reported. 

    According to Trump's budget office, the return of annual deficits in the trillion-dollar range as a result of the recently passed $1.7 trillion tax cut means a total debt increase of about $7.1 trillion over the next decade.

    Some conservatives have lashed out over the new spending on the domestic programs while others see the spending justification for a massive restructuring of entitlements like Medicare, Medicaid and Social Security, NBC News reported. 

    Congress funds the Pentagon and the State Department out of annual discretionary funds. But entitlement funding is paid out by law on the basis of eligibility of the applicant. It costs the government every time a person signs up and becomes eligible for the safety net programs. 

    Trump Responds to Putin Summit Criticism

    [NATL] Trump Responds to Putin Summit Criticism

    President Donald Trump said Tuesday that he misspoke during his summit with Russian President Vladimir Putin in Helsinki, Finland. Trump said he does "accept" the intelligence community's conclusion that Russia meddled in the 2016 election. Trump also said he needed to clarify that he didn't see a reason why the meddling "wouldn't be Russia." Trump had said the opposite a day earlier, prompting bipartisan backlash.

    (Published Tuesday, July 17, 2018)