President Trump unveiled a $4.8 trillion budget that charts a path for a potential second term, proposing steep reductions in social-safety-net programs and foreign aid and higher outlays for defense and veterans
WASHINGTON—President Trump unveiled a $4.8 trillion budget Monday that charts a path for a potential second term, proposing steep reductions in social-safety-net programs and foreign aid and higher outlays for defense and veterans.
The plan increases military spending 0.3%, to $740.5 billion for fiscal year 2021, which begins Oct. 1. The proposal lowers nondefense spending by 5%, to $590 billion, below the level Congress and the president agreed to in a two-year budget deal last summer.
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