Trump budget won't eliminate deficit: report

Trump budget won't eliminate deficit: report
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President TrumpDonald John TrumpTrump: Meetings on potential North Korea summit going 'very well' Freed American 'overwhelmed with gratitude' after being released from Venezuela Ivanka Trump to campaign for Devin Nunes in California MORE's budget will not wipe out the deficit, conceding that the tax-cut bill and new spending make that possibility unlikely, according to a new report in The Washington Post.

It's a significant departure for Trump and Republicans in Congress, who have passed balanced budgets in the past. Trump's new budget does propose cuts that would reduce the deficit by $3 trillion over a decade but stops short of balancing, say sources who spoke to the Post.

The proposal follows a budget deal for the next two years approved by the House and Senate that would add $300 billion in new spending.

A majority of Republicans backed the deal, but it was harshly criticized by many fiscal conservatives. Trump's own budget director, former Rep. Mick MulvaneyJohn (Mick) Michael MulvaneyGOP senators introduce Trump's plan to claw back billion in spending Companies face many dark perils when it comes to political money The Hill's Morning Report — Sponsored by PhRMA — The art of walking away from the deal MORE (S.C.), said that if he were still a member of Congress he would have voted against it.

Trump’s budget request is set for release Monday and will include $23 billion for border security and enforcement, as well as nearly $17 billion to address the opioid epidemic.

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In addition to programs included in the budget, Congress voted last week to approve an increase of roughly $300 billion in spending caps for fiscal 2018 and 2019.

Mulvaney, in an appearance on "Fox News Sunday" with Chris Wallace, also said the administration could “have a chance to change this [debt] trajectory.”

Some Republican lawmakers have been critical of spending since Trump took office.

Sen. Rand PaulRandal (Rand) Howard PaulGOP senators introduce Trump's plan to claw back billion in spending Pro-Trump super PAC raises .5 million in 6 weeks Trump has exposed Democratic hypocrisy on prison reform MORE (R-Ky.), who delayed a vote to keep the government open by railing against government spending, noted spending has not lessened since former President Obama left office. 

Rep. Mark MeadowsMark Randall MeadowsGOP nearing end game on immigration votes White House lawyer’s presence at FBI meetings sets off alarm bells for Dems Centrists on cusp of forcing immigration votes as petition grows MORE (R-N.C.) on Sunday said Republican leadership “caved” in the recent budget deal, adding “the swamp won and the American taxpayer lost.”