Trump plans HISTORIC increase in Military Spending
March 1, 2017
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16:33Now PlayingTrump plans HISTORIC increase in Military Spending
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"President Trump will propose a federal budget that would significantly increase defense-related spending by $54 billion while cutting other federal agencies by the same amount, an administration official said.
The proposal represents a major increase in federal spending related to national security, while other priorities, especially foreign aid, would face massive reductions.
According to the White House, the defense budget would increase by 10 percent. Trump also will request $30 billion in supplementary military spending for fiscal 2017, an administration official said.
But without providing specifics, the administration said that most other discretionary spending programs would be cut to pay for it. Officials singled out foreign aid, one of the smallest parts of the federal budget, saying it would face “large reductions” in spending."
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