The president sets the stage for a new battle over his border wall
PRESIDENTIAL BUDGETS are odd things. They are a list of priorities briefly incarnated in numerical form, dissected for a day and then summarily discarded by Congress, which goes on to pass the budget it always intended to. The exercise is one of showmanship. President Donald Trump is certainly not a man who busies himself with details; he understands the importance of signalling. His proposed budget for the 2020 fiscal year, released on March 11th, signals a few things.
In his $4.75trn plan, the president urges that “we must protect future generations from Washington’s habitual deficit spending” and warns of the dangers of high debt loads. Yet the budget also projects trillion-dollar deficits continuing through 2022, largely due to the tax cuts enacted in 2017. For the current fiscal year, which ends on September 30th, the White House projects a deficit of $1.1trn, or 5.
Even when Republicans controlled Congress, the president’s budget largely went ignored. Now that Democrats control the House, the chances of implementation are non-existent. Mr Trump’s last budgetary battle with congressional Democrats—over securing funding for his wall on the southern border—ended bruisingly. He had to relent and end a month-long government shutdown.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
The ‘Czech Donald Trump’ Meets With Real Donald Trump in White HouseBillionaire Czech Prime Minister Andrej Babiš said that he wants to make the Czech Republic “great again” during a meeting between the two politicians.
और पढो »
Apple CEO trumps Trump, reframing his name gameSAN FRANCISCO (AP) — To President Donald Trump, it was an awkward slip of the lip. To Apple CEO Tim Cook, it was an opportunity to poke some sly fun at a president who has often clashed with the...
और पढो »
Opinion | Democrats Hope Scandal Trumps Economic Growth in 2020Opinion: The Democrats plan to investigate their way to victory. Here’s why it won’t work, writes jasonrileywsj
और पढो »
Trump Jumps 51 Spots On Forbes’ Billionaires ListThe rich don’t always get richer. In the last year, the average net worth of the world’s billionaires fell from $4.1 billion to $4 billion, helping boost Donald Trump from the 766th-richest person in the world to the 715th-richest.
और पढो »
Trump Jumps 51 Spots On Forbes’ Billionaires ListThe rich don’t always get richer. In the last year, the average net worth of the world’s billionaires fell from $4.1 billion to $4 billion, helping boost Donald Trump from the 766th-richest person in the world to the 715th-richest.
और पढो »
Trump Jumps 51 Spots On Forbes’ Billionaires ListThe rich don’t always get richer. In the last year, the average net worth of the world’s billionaires fell from $4.1 billion to $4 billion, helping boost Donald Trump from the 766th-richest person in the world to the 715th-richest.
और पढो »
Trump Jumps 51 Spots On Forbes Billionaires ListThe rich don’t always get richer. In the last year, the average net worth of the world’s billionaires fell from $4.1 billion to $4 billion, helping boost Donald Trump from the 766th-richest person in the world to the 715th-richest.
और पढो »
Fox News is essentially Donald Trump's own 'propaganda organization,' says writer of New Yorker exposé“Fox [News] has been so aligned with Trump, really, that you can see that it is almost an arm of the West Wing,” Mayer told CNN on Tuesday morning.
और पढो »
Maxine Waters launches late-night Twitter tirade on Donald Trump: 'Don the con man got conned!'“Support impeachment!” the Californian Democrat tweeted.
और पढो »
Donald Trump sounded like a “mental patient” in CPAC speech, MSNBC contributor saysIf you didn't know better, you'd think Trump's 'clearly a mental patient and somebody in his family had better hopefully come on stage and take him off,'” Mike Barnicle said.
और पढो »