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Trump Sends Congress $4.4 Trillion Spending Plan


President Trump has sent Congress his $4.4 trillion spending plan for FY 2019. As Jonathan Swan reported, the budget reads like “science fiction.”

The budget plan comes on the heels of the massive bipartisan budget deal announced by Sens. Mitch McConnell and Chuck Schumer last week that blows through spending caps and adds $300-400 billion to the deficit over two years.

This adds more new spending than any budget deals made under the Obama presidency (although the stimulus package passed during that time was very pricey). Yet politically, most saw this as the only way forward, reflecting both gridlock and the declining influence of fiscal conservatism in Congress.

The White House released key spending request items for fiscal year 2019 that Budget Director Mick Mulvaney is expected to unveil on Monday. It includes funds to combat the opioid crisis, President Trump’s infrastructure plan, and billions to support the construction of a border wall and offset detention costs.

Source: @axios.com


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