Trump proposes end to federal after-school funding

Trump plans to ask for another $8.6B to fund border wall: report

U.S. President Donald Trump presented to Congress on Monday a budget proposal for fiscal year 2020 that contained stiff spending cuts across non-defense federal agencies and a hike in defense money.

The budget proposal aims to ramp up immigration enforcement on the border and within the U.S.

The budget contains a number of controversial provisions, most conspicuous of which is a request for $8.6 billion in funding for construction of Trump's border wall.

This year, the stakes for a deal are higher than in past years.

A senior administration official told reporters the budget would cut USA aid to foreign countries by $13 billion.

If approved as is - an unlikely scenario given opposition in Congress - military spending would increase to $750 billion for fiscal year 2020, which begins in October 2019. He also wants an additional $8.6 billion for the U.S. -Mexico border wall.

"President Trump's budget request reflects his commitment to defending our Nation, ending the opioid epidemic, and building a strong American workforce", according to the White House.

Lawmakers are uneasy with that and set to vote in the Senate to terminate his national emergency declaration.

He led a government shutdown in December that lasted for 35 days because Congress would not appropriate $5.7 billion to build sections of his long-promised wall.

"By the president's very own admission in the Rose Garden, there is no national emergency", ACLU Executive Director Anthony Romero said in a statement. "The same thing will repeat itself if he tries this again", said House Speaker Nancy Pelosi, D-Calif., and Senate Democratic leader Chuck Schumer of NY. Fresh off the longest government shutdown in history, his 2020 plan shows he is eager to confront Congress again over the wall. "The same thing will repeat itself if he tries this again". "We hope he learned his lesson".

Mr. Trump now says he never really expected Mexico to make a direct payment to pay for a border wall, telling reporters in January, "When during the campaign I would say Mexico is going to pay for it, obviously I never said this and I never meant they were going to write out a check, I said they're going to pay for it".

"We are the only major OECD economy that is significantly adding debt right now in good economic times", said Riedl.

Paddy Lowe leaves Williams
Williams said in a statement that "Paddy is taking a leave of absence from the business for personal reasons". Williams also announced on Wednesday that they should have both cars ready for Melbourne .

"I don't think good growth policies have to obsess necessarily about the budget deficits and so forth", Kudlow said. "It's a crisis of economics, it's a crisis of crime and drugs, it's a crisis of humanity".

Growing budget deficits would run contrary to the narrative put forth by the Trump administration that a package of tax cuts that took force past year will pay for themselves through faster economic growth.

The budget includes work requirements for those receiving food stamps and other government aid as part of the $2.7 trillion in non-defence cuts over the decade.

Despite the large projected deficits, Vought said the administration has "prioritized reining in reckless Washington spending" and shows "we can return to fiscal sanity". Furthermore, the budget would preclude the Defense Department from any funding caps that are set to take place during fiscal year 2020-all positive news for the Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA: DFEN).

Kudlow tells Fox News Sunday he's confident that economic growth will top 3 percent in 2019 and beyond.

Another $200 million would go toward Teacher and School Leader (TSL) Incentive Grants, which includes high-quality mentoring and residency programs for new teachers as well as increased compensation for effective teachers in high-need fields as part of teacher elevation efforts.

Yarmuth acknowledged there will likely be some divisions within his party on budget priorities, including on defense, with some who may disagree on whether to boost spending.

According to the administration, the plan is provide "additional flexibility to states" and put Medicaid "on a path to fiscal stability by restructuring its financing and reducing waste".

The current 2019 budget is more than $4.4 trillion, with a deficit of about $1 trillion expected, largely because of Trump's 2017 tax cuts.

But Kudlow said he was not anxious by some predictions the American economy will only advance a little in the first three months of this year and not much more than 2 percent this year.

In an interview on Sunday, Kudlow said a sweeping trade agreement with China could be finalized by April.

He stressed the final version of the deal will go to President Trump who will decide whether it's good enough for the US, and said he expects the upcoming trade deal to be "positive and bullish". They just keep spending the money of future generations.

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