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October 18, 2018

Trump Asks Federal Agencies to Slash 5 Percent from Budgets as Deficit Swells
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In economic news, President Trump is asking federal departments to slash
5 percent from their budgets amid the swelling national deficit. The
military could see a smaller cut-going from $716 billion to $700
billion-a decrease of only 2.3 percent from the current budget, which is
the largest defense authorization in history. In response to Trump's
plan, former Deputy Secretary of Labor Christopher Lu tweeted, "That's a
5% cut for veterans, national security, law enforcement, healthcare,
farmers, roads/bridges, workers, environment, food and housing aid.
Everything. And it would still only amount to $60 billion a year-a
fraction of $1.5 trillion Trump/GOP tax cut."


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