President Trump released a $4.8 trillion budget proposal on Monday that includes a familiar list of deep cuts to student loan assistance, affordable housing efforts, food stamps and Medicaid, reflecting Mr. Trump’s election-year effort to continue shrinking the federal safety net.
The Trump administration is looking to cut the Education Department’s funding by $7.1 billion compared to what it was given last year. The budget proposal suggests eliminating 29 programs, including after-school and summer programs for students in high-poverty areas, among other things.
In its latest budget request, the Trump administration is asking for a near-record $750 billion for the Pentagon and related defense activities, an astonishing figure by any measure. If passed by Congress, it will, in fact, be one of the largest military budgets in American history, topping peak levels reached during the Korean and Vietnam Wars. And keep one thing in mind: that $750 billion represents only part of the actual annual cost of our national security state.
The White House released Trump's 2020 budget proposal, which contains important implications for higher education and student loans. The budget includes $64.0 billion in funding for the U.S. Department of Education, a $7.1 billion, or 10%, decrease compared to the 2019 funding. The budget, as it relates to student loans, is built on several stated goals, among others:
The White House released its 2020 budget proposal on Monday, proposing more than $1 trillion in cuts to the popular programs Medicare and Medicaid and giving insight into what the executive branch would do if Congress didn’t control the federal government’s pocketbook. The most notable cut comes out of Medicaid, a health program for people who are low-income or have a disability, which Trump proposes cutting by more than $700 billion over 10 years.
“There’s enormous appetite in the Democratic Party and among all Americans for major public investment to tackle our nation’s major crises: deepening inequality and structural racism and climate disaster,” said Waleed Shahid, communications director for Justice Democrats, in a statement to The Intercept. “Pelosi and the Democratic Party leadership’s support of Paygo makes actually solving these crises all but impossible.
Secretary DeVos, this is what American teachers want you to know about their struggles. In September, the Guardian invited a team of public school teachers to serve as guest editors of our site and share their stories of teaching in America. As part of the project, our teacher-editors published a manifesto entitled “We shouldn’t be on food stamps: Teachers on how to fix America’s education system”.
US Sen. John Thune (R-SD) yesterday blasted the Federal Communications Commission, saying it has failed to prevent budget cuts in funding for rural broadband. "These cuts could cause providers to halt or cancel broadband buildout, reducing the availability of broadband throughout rural America," Thune also said. "This could also cause an increase to the cost of service to those who already receive service, putting at risk investments already made."
The Department of Homeland Security transferred $169 million from other agencies to Immigration and Customs Enforcement for the detention and removal of migrants this year, according to a document sent to Congress by DHS.
The financial future of the part of Medicare that pays older Americans’ hospital bills has deteriorated significantly, according to an annual government report that forecasts that the trust fund will be depleted by 2026 — three years sooner than expected a year ago. According to the report, less money will be flowing into the hospital-care trust fund in part because the tax law passed this year will cause the government to collect less in income taxes.
ُThink about why Trump is asking for rapid action on the 2019 appropriations: He wants even more spending. Even though his policies have spiked the annual budget deficit to a new normal of a $1 trillion (with $2 trillion definitely within view) and interest rates are now starting to go up in large part because of his out-of-sync-with-the-economy stimulative fiscal policy, Trump is demanding that federal spending and the government's red ink be increased even further.
The White House is seeking to cut more than $2.5 billion from the annual budget of the Environmental Protection Agency — an overall reduction of more than 23 percent. The fiscal 2019 proposal released Monday marks the Trump administration’s latest attempt to shrink the reach of an agency the president once promised to reduce to “little tidbits.” The EPA already has lost hundreds of employees to buyouts and retirements over the past year, and its staffing is now at Reagan-era levels.
President Trump on Monday sent Congress a $4.4 trillion budget with steep cuts in domestic programs and entitlements, including Medicare, and large increases for the military, envisioning deficits totaling at least $7.1 trillion over the next decade. The blueprint, which has little to no chance of being enacted as written, amounts to a vision statement by Mr. Trump, whose plan discards longtime Republican orthodoxy about balancing the budget, instead embracing last year’s $1.5 trillion tax cut and new spending on a major infrastructure initiative.
Left-leaning economists hate the timing and the composition. But the expansionary fiscal policy they sought is on the way. The fiscal austerity that drove the budget deficit from around 9 percent of G.D.P. in 2010 to 3 percent in 2016 has, for practical purposes, been abandoned. First, Republicans passed a $1.5 trillion tax bill in December that sharply cut rates on businesses. Then last week they made a deal to undo budget caps demanded by the Republican House in 2011. President Trump signed that bill on Friday.
Forty-five billion dollars. That’s how much the Pentagon says the Afghan war is costing American taxpayers, and with no end in sight they may have to keep footing that bill for years to come.
Congress has rejected President Trump’s plan to cut funds for biomedical research and would instead increase spending by the National Institutes of Health. The appropriations committees in both houses rejected Mr. Trump’s proposal to slash payments to universities for overhead — the “indirect costs” of research financed by the health institutes. These include the cost of utilities, internet service, data storage, the construction and upkeep of laboratories and compliance with federal rules protecting human subjects of clinical research.
Remember that until October, we’re still living on Obama money. He owns this hurricane and the resources available to it. The upcoming Trump budget, then, will give us a good idea of how the new president plans to make his “investment in our future,” because that’s literally what it is. Mr. Trump’s 2018 budget blueprint, literally titled “America First: A budget blueprint to make America great again,” thrashes disaster relief funding. He proposed cutting FEMA state and local funds by $667 million. That of course includes response and relief to weather-related disasters, but it also cuts state and local counterterrorism funds. In New York Fucking City, for instance, where the threat of terrorist attack is fairly high, I’d wager.
President Trump’s budget calls for sharply reducing funding for programs that shelter the poor and combat homelessness — with a notable exception: It leaves intact a type of federal housing subsidy that is paid directly to private landlords.One of those landlords is Trump himself, who earns millions of dollars each year as a part-owner of Starrett City, the nation’s largest subsidized housing complex. Trump’s 4 percent stake in the Brooklyn complex earned him at least $5 million between January of last year and April 15, according to his recent financial disclosure.
President Donald Trump reserves a special level of antipathy for the Environmental Protection Agency. He campaigned on eliminating the EPA "in almost every form," and his budget director, Mick Mulvaney, declared that its climate change programs "waste your money." But his full budget wish list released Tuesday actually assigns a dollar value to his promises. In it, the EPA faces the steepest cut of any agency or department across the government, a 31.4 percent reduction, to $5.7 billion, its lowest level in 40 years.
President Trump’s first major budget proposal on Tuesday will include massive cuts to Medicaid and call for changes to anti-poverty programs that would give states new power to limit a range of benefits, people familiar with the planning said, despite growing unease in Congress about cutting the safety net.
Researchers say the U.S. needs federal science dollars to compete with China. President Trump’s fiscal 2018 budget outline, released last month, envisions a dramatically smaller federal investment in science and medicine, while boosting spending on the military and reserving billions for a wall on the Mexico border. The budget blueprint includes cuts to agencies that have traditionally enjoyed bipartisan support, such as the National Institutes of Health. The proposed cuts have added some urgency to the March for Science, which is expected to draw tens of thousands of people Saturday in Washington and in cities around the country.
Federal marshals are protecting Education Secretary Betsy DeVos at a cost to her agency of nearly $8 million over nearly eight months, according to the U.S. Marshals Service. The Education Department has agreed to reimburse the marshals $7.78 million for their services from mid-February to the end of September, said a marshals spokeswoman — an average of about $1 million per month.
Donald Trump could reverse his recently announced cuts to arts, poor and elderly services if he cut his trips to Mar-a-Lago and lived permanently in White House instead, figures indicate. Calculations show four programmes that face elimination - which tackle homelessness, unemployment among over-55s, participation in the arts and helping the poor access higher education - could be maintained at the cost of the President’s trips to his private Florida resort over the course of four years.
President Trump’s proposal on Thursday for deep cuts to the budgets of a broad part of the federal bureaucracy was billed as a tough-minded and necessary corrective to the growth of the government’s power. But even members of his own party questioned some of the cuts — and what was not being cut. “While we have a responsibility to reduce our federal deficit, I am disappointed that many of the reductions and eliminations proposed in the president’s skinny budget are draconian, careless and counterproductive,” said Representative Harold Rogers, Republican of Kentucky and a former chairman of the House Appropriations Committee.
The president’s plan would cut spending for many agencies to historically low levels. President Trump’s 2018 budget blueprint released on Thursday proposes cuts in discretionary spending for most government agencies to pay for large increases in military spending.
The signature blueprint of any US president is the federal budget. Donald Trump is giving us an insight into how he views the world and what resources he intends to employ in advancing US interests abroad. The FY 2018 defense budget proposal alters the way the United States projects its power while offering no levelness between defense and diplomacy. However, the chances that the current version of the proposal will pass through the US Congress are slim; a prominent Republican Senator called it “dead on arrival.”
The National Oceanic and Atmospheric Administration is in the crosshairs of the White House. The White House is seeking to slash the National Oceanic and Atmospheric Administration’s budget by 17 percent, imposing big cuts to research and satellite programs, according to a memo obtained by The Washington Post.
President-elect Donald Trump is believed to be planning on shutting down arts and heritage programs as part of a raft of budget-tightening measures. The Hill, whose source is an unnamed member of Trump’s transition team, reported that Trump will eliminate both the National Endowment For The Arts and the National Endowment For The Humanities, and privatise the Corporation For Public Broadcasting.
In a stunning move, the Republican-led U.S. Senate has just passed a concurrent budget resolution that will increase the federal debt by a whopping 10 trillion dollars. Under the questionable leadership of Senate Majority Leader Mitch McConnell, the Senate voted to authorize a national debt of over $29 trillion over the next years.
Mr. Trump wants to cancel the order for Airforce one. This article explains why Airforce one is so expensive and why its necessary for the President of the United States to travel in one
Right wing media criticizing the Hillary Clinton budget claiming that her policies on expanding government role in family leave and student loans would contribute significantly to the deficit. This report is a clear example of how media plants false hoods without any specifics.