Trump plans to ask for another $8.6B to fund border wall

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Leading Democrats immediately rejected the plan, signaling another bruising fight just weeks after a standoff that led to a 35-day partial government shutdown, the longest in USA history.

President Donald Trump will try a third time to get the funding needed to build his signature anti-illegal immigration measure, a complete wall across the United States' southern border.

House Budget Committee Chairman John A. Yarmuth, Kentucky Republican, said the administration is starting off on the wrong foot for the forthcoming budget and spending negotiations with the proposal it rolled out Monday.

The House voted February 26 to block the emergency declaration, and enough Republicans have said they'll also vote against it for it to pass in the Senate.

House Speaker Nancy Pelosi and Senate Minority Leader Charles Schumer admonished President Donald Trump on Sunday for the White House's reported plan to secure an additional $8.6 billion in funding from Congress for his long-promised border wall, warning the commander-in-chief that history would "repeat itself" should he follow through with this request. They said the money "would be better spent on rebuilding America". It provides money to fight opioid addiction and $291 million to "defeat the HIV/AIDS epidemic".

The tax and spending blueprint calls for saving $2.8 trillion over the coming decade by cutting non-defense discretionary programs, curbing health care costs, imposing tougher work requirements on welfare programs and restructuring federal student loans, among other things.

The administration pointed to the 2020 budget's reduction of "nondefense programmatic spending by 5 percent" to a cap level below that in 2019.

To achieve the boost in defense spending, the White House is proposing to more than double the amount of money in a special overseas war fund for next year.

Indeed, under the projections included in the budget plan, the country would run a deficit of $631 billion in 2025 (which would be Trump's eighth budget, if he remains in office that long)-hardly smaller than the $666 billion deficit in the final fiscal year of Preisdent Barack Obama's time in office. The administration is counting on robust economic growth, including from the 2017 Republican tax cuts, to push down the red ink.

He warned the annual deficit will exceed a trillion dollars a year and that interest payments on the national debt will exceed military spending by 2024.

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Growing budget deficits would run contrary to the narrative put forth by the Trump administration that a package of tax cuts that took force a year ago will pay for themselves through faster economic growth.

While pushing down spending in some areas, including the Environmental Protection Agency, the proposal will seek to increase funding in others to align with the president's priorities, according to one official. Overall, Trump is seeking $12.2 billion.

For the fiscal year that begins October 1, Trump would increase defense spending by about 5 percent to $750 billion, despite a spending cap imposed by a deficit reduction law that requires cuts. Now, with Democrats in charge of the House, this year's proposal is even less likely to be enacted.

Trump and his Republican allies had been on the offensive on health care in recent months, after several Democratic candidates struggled to answer questions about how they would pay for universal coverage and whether they would allow Americans to keep their private insurance.

In an attempt to reiterate the crisis at the border and the promise of the wall, President Trump took to Twitter. Another $2.7 billion would go toward ICE detention beds.

Meanwhile, it would add $60 million for charter schools and $200 million for school safety initiatives.

It cuts the Department of Housing and Urban Development by 16 percent and Education by 10 percent, but includes $1 billion for a child care fund championed by the president's daughter, Ivanka Trump, a White House adviser. The plan again targets reducing veteran suicides as a top priority and sets aside $4.3 billion to improve the department's computer system and website.

The White House on Monday proposed capping out-of-pocket prescription drug expenses for seniors covered by Medicare, re-emphasizing Trump administration support for a concept endorsed both by pharmaceutical companies and congressional Democrats.

Kudlow says Trump's budget "points a steady glide path" toward lower federal spending and federal borrowing as a share of the nation's economy.