The Latest: Trump budget slashes safety-net programs

In this photo taken May 19, 2017, a GPO worker stacks copies of "Analytical Perspectives Budget of the U.S. Government Fiscal Year 2018" onto a pallet at the U.S. Government Publishing Office's (GPO) plant in Washington. (AP Photo/Carolyn Kaster)

WASHINGTON — The Latest on President Donald Trump's budget for the fiscal year beginning Oct. 1 (all times local):

9 p.m.

The Trump administration budget would sharply cut safety net programs for the poor.

President Donald Trump is proposing a $4.1 trillion federal budget that targets food stamps and Medicaid. It also relies on rosy projections about economic growth to balance the budget within 10 years.

The cuts are part of a budget blueprint for the upcoming fiscal year that begins Oct. 1. It protects retirement programs for the elderly and provides billions of dollars more for the military. The rest of the government bears the bulk of the reductions.

The plan is outlined in White House summary documents. It will be officially released on Tuesday.

The politically perilous cuts to Medicaid, college loans, food stamps and federal employee pension benefits guarantee Trump's budget won't go far in Congress. That's despite the fact Republicans control both the House and Senate.

___

4:30 p.m.

President Donald Trump is proposing to balance the federal budget within a decade by making sharp cuts to social safety-net programs while offering optimistic estimates of economic growth.

Tuesday's budget blueprint faces a skeptical reception from Congress.

Republicans and Democrats oppose Trump proposals to cut domestic agencies and foreign aid by 10 percent. And they are recoiling from a $1.7 trillion cut over the coming decade from mandatory government benefit programs.

The top Senate Democrat, Chuck Schumer of New York, says the only good news about the budget is that it's likely to be roundly rejected by senators in both parties.

A 10-year, $193 billion reduction in food stamps — almost 30 percent — promises to drive millions of people off the program.

Similar News

IMF, Egypt agree on $12B loan to fix ailing economy

Aug 11, 2016

The International Monetary Fund says it will grant Egypt a $12 billion loan over three years to help the Arab world's most populous country mend its ailing economy following years of unrest

Arianna Huffington signs off at The Huffington Post

Aug 11, 2016

Arianna Huffington is signing off at The Huffington Post

Macy's plans to close 100 stores, boost online investment

Aug 11, 2016

Macy's says it plans to close about 100 stores next year and increase its investments online as the department store operator tries to become more nimble in an increasingly fierce market

Broaden