White House proposes slashing $4.4 trillion from budget over 10 years

by Daniel Payne · Feb 10th, 2020 5:14 pm

Last Updated Feb 10th, 2020 at 6:27 pm

The White House revealed a major proposal on Sunday to slash $4.4 trillion from the federal budget over the next decade, an indication that President Trump and Republicans are preparing a major conservative push ahead of the 2020 elections.

The proposed budget seeks to eliminate the federal deficit by 2035. That deficit is set to exceed $1 trillion this year for the first time since 2012. Spending reduction categories include food stamps, the Environmental Protection Agency, and foreign aid.

The Congressional Budget Office estimates that the federal government will spend around $60 trillion between 2021 and 2030, meaning Trump's spending reductions would amount to about a six percent reduction in total federal outlays over that time.


You must become a subscriber or login to view or post comments on this article.