Trump to propose deep cuts to anti-poverty programs and Medicaid - BBG

Dhwani Mehta FXStreet

Bloomberg out with latest headlines on the US Budget proposal, noting that Trump plans to propose $1.7 trillion in cuts to a category of spending that includes major social and entitlement programs for lower-income Americans.

According to a Republican congressional aide and a White House document obtained by Bloomberg, the White House will issue a formal budget request Tuesday that includes $274 billion in cuts over 10 years to means-tested anti-poverty programs, including food stamps.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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