The White House said Monday that President Trump's upcoming budget will propose a whopping $54 billion increase in defense spending and impose corresponding cuts to domestic programs and foreign aid. The result is that Trump's initial budget wouldn't dent budget deficits projected to run about $500 billion. The senior budget office official said there will be a large reduction in foreign aid and that most domestic agencies will have to absorb cuts. Trump's budget, once finalized and sent to Congress in mid-March, is sure to set off a huge Washington battle. Trump's budget also won't make significant changes to Social Security or Medicare, according to an administration official.

Source: Fox News February 28, 2017 05:33 UTC