The Trump administration on Monday proposed a $4.7 trillion budget that would sharply reduce spending on safety-net and discretionary programs, while effectively exempting the Pentagon from strict funding caps set to take effect in fiscal year 2020. Though Congress isn’t expected to adopt the plan, the document lays out the White House’s starting point for discussions in the months ahead over spending priorities, including a request for a big increase in outlays for a wall at the nation’s southern border.

Source: Wall Street Journal March 11, 2019 15:48 UTC