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Trump budget won't eliminate deficit: report

Trump budget won't eliminate deficit: report
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President TrumpDonald John TrumpAides tried to get Trump to stop attacking McCain in hopes of clinching Arizona: report Officials warn delayed vote count could lead to flood of disinformation New Trump campaign lawsuit targets late-arriving Georgia mail ballots 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 MulvaneyMick MulvaneyGaffes put spotlight on Meadows at tough time for Trump Trump says he may lower corporate tax rate to 20 percent if reelected Is Social Security safe from the courts? 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 PaulRepublican Bill Hagerty wins Tennessee Senate race Georgia Republican Drew Ferguson tests positive for COVID-19 Could Blacks and Hispanics hand Trump a November victory? 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 MeadowsCawthorn wins election to fill seat vacated by Meadows Live updates: Democrats seek to extend House advantage Trump during visit with campaign staff: 'Winning is easy. Losing is never easy' MORE (R-N.C.) on Sunday said Republican leadership “caved” in the recent budget deal, adding “the swamp won and the American taxpayer lost.”