The White House says Donald Trump's upcoming budget will propose a whopping $54-billion increase in defence spending and impose corresponding cuts to domestic programs and foreign aid. White House budget officials outlined the information during a telephone call with reporters given on condition of anonymity. Trump's defence budget and spending levels for domestic agency operating budgets will be revealed in a partial submission to Congress next month, with proposals on taxes and other programs coming later. But he also promised that his budget will increase spending for federal law enforcement, moves that will help the U.S. "fight crime." Investors were looking ahead to Trump's address to Congress on Tuesday for details of promised tax cuts and infrastructure spending.

Source: CBC News February 27, 2017 16:35 UTC