Rick Perry

Trump budget promises balance in decade, relies on deep cuts

Trump budget promises balance in decade, relies on deep cuts

President Donald Trump is proposing to balance the federal budget within a decade by making sharp cuts to social safety-net programs like food stamps and Medicaid and offering optimistic estimates of economic growth and tax revenues to fulfill the promise of a government back in the black.

Tuesday's budget blueprint faces a skeptical reception from Congress, where Republicans and Democrats oppose Trump proposals to cut domestic agencies and foreign aid by 10 percent and are recoiling from a $1.7 trillion cut over the coming decade from mandatory government benefit programs. Cuts to Medicaid go beyond the $800 billion-plus contained in a House-passed health care rewrite. A 10-year,...

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