Trump budget won't eliminate deficit: report

Trump budget won't eliminate deficit: report
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President TrumpDonald John TrumpConway defends herself against Hatch Act allegations amid threat of subpoena How to defuse Gulf tensions and avoid war with Iran Trump says 'stubborn child' Fed 'blew it' by not cutting rates 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 MulvaneyThe Hill's Morning Report - Crunch time arrives for 2020 Dems with debates on deck This week: Congress set for clash on Trump's border request GOP lawmakers want Mulvaney sidelined in budget talks 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 PaulThis week: Congress set for clash on Trump's border request Washington braces for Trump's next move on Iran Overnight Defense: Latest on Iran after Trump halts planed strike | Dems call Trump's approach 'erratic' | Key Republican urges Trump to retaliate | Esper reportedly getting Defense secretary nomination 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 MeadowsDarrell Issa eyes return to Congress Oversight Republicans: 'Hundreds' of migrants in caravans have criminal histories FBI, warned early and often that Manafort file might be fake, used it anyway MORE (R-N.C.) on Sunday said Republican leadership “caved” in the recent budget deal, adding “the swamp won and the American taxpayer lost.”