Thursday, 21 March, 2019


Trump wants spending cuts and $8.6bn for his border wall

Trump to seek another US$8.6b for border wall Trump Plan Postpones Balanced Budget Despite Deep Spending Cuts
Conrad Doyle | 11 March, 2019, 15:55

White House economic adviser Larry Kudlow conceded that the new request would likely mean a renewed fight in Congress over wall funding.

Some programs will be targeted for cancellation altogether to push total non-defence discretionary spending below a cap of $542 billion established in a 2011 fiscal restraint law, an administration official told Reuters, speaking on condition of anonymity.

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

"We have a crisis down there", he said. "I think the president has made that case very effectively".

The proposal comes on the heels of a bruising battle with Congress over wall funding that resulted in a five-week partial federal government shutdown that ended in January, and could touch off a sequel just ahead of a trifecta of ominous fiscal deadlines looming this fall. They said lawmakers were prepared to block his demand this time as well. "The same thing will repeat itself if he tries this again".

'We hope they have an interest in maintaining and getting rid of the deficit, ' Vought said on CNBC.

Trump's budget would propose $2.7 trillion in spending cuts over a decade - but even that would not be enough to balance the budget. At the same time, Trump will seek to dramatically boost the military's budget from $716 billion to $750 billion next year. Eventually, Trump relented and reopened the government.

Trump invoked the emergency declaration after Congress approved almost $1.4 billion for border barriers, far less than the $5.7 billion he wanted.

In seeking $8.6 billion for more than 300 miles of new border wall, the budget request would more than double the $8.1 billion already potentially available to the president for the wall after he declared a national emergency at the border last month in order to circumvent Congress - although there's no guarantee he'll be able to use that money if he faces a legal challenge, as is expected.

Many lawmakers accused Trump of overstepping his constitutional powers by declaring an emergency to free up the funds.

The Senate, narrowly controlled by Republicans, is to vote on the same resolution this week. Other proposals include a request for Congress to make projections indicating that the budget would be balanced by 2034, according to the Office of Management and Budget.

Tax cuts have been a priority for the Republican White House and Congress in recent years, rather than deficit reduction. They also must pass a measure to raise the debt ceiling in September or October or they will risk having the government falling behind on its obligations, something that could rattle the economy and financial markets.

Trump in December demanded $5.7 billion to help fund massive wall construction along the U.S. -Mexico border.

In February, Trump declared a national emergency at the border, a maneuver that the White House claims would allow him to divert funds from other agencies.

Instead of building a wall, Pelosi and Schumer suggested Trump begin "rebuilding America".

Whilst electioneering Trump repeatedly promised that Mexico would pay for the wall.

"It will be a tough budget", Mr. Kudlow said.

Trump has long touted his border wall project as a staple of his presidency.

Medicaid is a health-care program for low-income and disabled Americans, run jointly by states and the federal government.

But the Democratic chairman of the House Budget Committee, Rep. John Yarmuth of Kentucky, called the proposed cuts to essential services "dangerous". The OMB said the budget was created to balance by 2034, exceeding the traditional 10-year budget outlook.

Nearly all of the proposals would require congressional approval, and lawmakers have dismissed cuts of similar size in Trump's past budgets.

The annual budget proposal will set up a clash with the Democrats, who have a majority in the House of Representatives and are certain to set out alternative spending plans.

Recommended

loading...
...

116-year-old Kane Tanaka takes record 116-year-old Kane Tanaka takes record Tanaka, born on January 2, 1903, was emotional and said the recognition was the most exciting one in her life. Tanaka received a framed certificate and a box of chocolates, which she ate right away according to a report.

'Captain Marvel' cheers theaters after a dismal start to 2019 'Captain Marvel' cheers theaters after a dismal start to 2019 Captain Marvel may have internet trolls mad online, but it's certainly getting people to the box office on opening weekend. The film, which opened on International Women's Day, was co-directed by Anna Boden and Ryan Fleck.

Snow and wind weather warnings for Peterborough Snow and wind weather warnings for Peterborough Over Munster and Ulster, the rain will turn to sleet and snow and will continue overnight", Mr Murphy added. Tomorrow will be a cold and raw day with widespread blustery showers, according to Met Eireann .

Pro-Guaido March Takes Place in Caracas Pro-Guaido March Takes Place in Caracas Problems have been exacerbated by hyperinflation the International Monetary Fund says will reach 10 million per cent this year. Venezuelans with chronic conditions liked diabetes searched for ice to preserve their limited supplies of medicines.

Raiders agree to send Osemele to Jets Raiders agree to send Osemele to Jets Osemele was dominant in 2016 as one of the key players who led the Raiders to their first playoff appearance in 14 years. The 6-foot-5, 330-pound Osemele fills a major need on the Jets' offensive line in front of quarterback Sam Darnold .

'Two sides to every story' says Sheehan of Trudeau, Wilson-Raybould matter 'Two sides to every story' says Sheehan of Trudeau, Wilson-Raybould matter After repeatedly refusing to do so, she was removed from her post and given a different Cabinet position instead. Andrew Korybko is joined by Christopher C.

Big Ten men's basketball tournament 2019 bracket Big Ten men's basketball tournament 2019 bracket We want to send the seniors out right and no one wants to lose to MI ". "We needed to stay locked in until the game was over". Ward might be able to play in the conference tournament and likely can contribute a little at least in the NCAA Tournament .

Nigerian Professor dies in Ethiopian Airlines plane crash Nigerian Professor dies in Ethiopian Airlines plane crash Some of the Canadians on board may have been affiliated with the United Nations, something that has not yet been confirmed. As the sun set, the airline's chief operating officer said the plane's flight data recorder had not yet been found.

LeBron James writes thank you message to Michael Jordan on shoes LeBron James writes thank you message to Michael Jordan on shoes Then James stood under the basket with his right hand clenched, pointing one figure, and counted off - one, two, three, four. By scoring 13 and more points tonight, LeBron is now 4th place All-Time but it seems awkward.

Lakes expect Ingram to miss rest of season Lakes expect Ingram to miss rest of season Blood clots have affected several prominent athletes including Chris Bosh and Serena Williams in recent years. The Lakers now trail the San Antonio Spurs in eighth place in the Western Conference standings by 6.5 games.

Nadal races into third round at Indian Wells Nadal races into third round at Indian Wells She booked a third-round clash with fellow American Christina McHale, a 6-4, 3-6, 6-4 victor over 30th-seeded Russian Anastasia Pavlyuchenkova.

Norway wealth fund to cut oil and gas investment Norway wealth fund to cut oil and gas investment The fund, somewhat ironically, derives its income from Norway's booming oil and gas industry. It now owns around $37bn of shares in oil companies such as BP, Shell and Total.

China hopeful on US trade talks China hopeful on US trade talks On a month-on-month basis, Taiwan's exports fell 25.3 percent and imports were down 41.4 percent in February, the MOF data shows. During the first two months, China's foreign trade amounted to 622.72 billion US dollars, down 3.9 percent year on year.

Woman who crossed barrier for selfie attacked by jaguar at zoo Woman who crossed barrier for selfie attacked by jaguar at zoo Wilkerson, who said he did't know how the woman got so close, said there were no zoo employees nearby when the attack happened. Valerio, a 3-year-old jaguar, managed to get out of its cage at Louisiana's Audubon Zoo and kill nine animals.

Disney streaming service will offer entire Disney vault Disney streaming service will offer entire Disney vault Traditionally however, Disney has only made individual titles available on home video for limited periods of time. So far, no release date for Disney's service has been announced , nor any pricing information.