The Trump administration’s top budget official said Monday the White House will propose capping next year’s federal budget at spending levels enacted in 2011, while effectively exempting the Pentagon from the sharp spending cuts. Russell Vought, the acting director of the Office of Management and Budget, said in an opinion piece published by political news website Real Clear Politics that the president’s budget proposal will adhere to the earlier caps, which would lower discretionary spending in fiscal 2020 by $125 billion,...

Source: Wall Street Journal February 25, 2019 22:52 UTC