White House: Trump's first budget will not address taxes or mandatory spending
|According to a White House Budget's official, U.S. President Donald Trump will release budget that will increase defense spending by $54 billion.
Key headlines (via Reuters):
- Trump budget will also cut non-defense spending by $54 billion to offset
- There will be a "large reduction foreign aid" in Trump budget
- Most Federal agencies will see reductions in funding
- Trump will let Pentagon decide how to spend a $54 billion increase in funding
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