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Trump's 2020 Budget Includes $8.6 Billion for Border Wall

Trump's 2020 Budget Includes $8.6 Billion for Border Wall

Mr Trump's budget sets his administration up for a long clash with Democrats over fiscal policy in the lead-up to the 2020 presidential election, not least because it would entrench yet another blow-out in America's ballooning federal debt, which has surged to $US22 trillion.

President Donald Trump in his 2020 budget on Monday called for overhauling social programs that help poor and elderly Americans, while boosting military spending and funding a U.S. -Mexico border wall, in the opening gambits in his next funding fight with the U.S. Congress.

The Trump budget also proposes cutting spending on Medicare, the federal program that gives health insurance to older Americans, by $845 billion over the next 10 years, in part by limiting fraud and abuse and payments to hospitals.

The White House's new budget plan would also cut another $327 billion from a range of other welfare programs, including those that provide food and housing assistance, in part by imposing mandatory work requirements for certain recipients.

"President Trump has somehow managed to produce a budget request even more untethered from reality than his past two", said Democratic Representative Nita Lowey, chairwoman of the House Appropriations Committee.

The spending plan calls for a cut of almost $1.5 trillion in Medicaid over 10 years and for $1.2 trillion to be added for a new "Market Based Health Care Grant" - that is, the block grants that would start in 2021.

Kudlow dismissed concerns with the federal budget deficit, which has ballooned as a result of the GOP tax cuts and increased government spending.

White House officials say there are already 122 miles of barriers that have been completed or are now under construction.

Trump rejected a bipartisan funding agreement in late 2018 because it didn't include enough wall funding, leading to a 35-day federal government shutdown. It would also increase resources to fight the opioid epidemic with money for prevention, treatment, research and recovery, the administration said.

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The budget contains $8.6 billion for more than 300 miles of new border wall.

In February, Trump declared a national emergency at the border, a maneuver that the White House claims would allow him to divert funds from other agencies. The budget projects trillion-dollar deficits until 2022. Reuters first reported the $8.6 billion figure.

President Trump will submit his budget to Congress today and it will likely be voted on in the coming weeks. But it would not balance the budget between spending and expected taxpayer funds for 15 years, long after Trump leaves office, even if he does win re-election next year.

He stressed the final version of the deal will go to President Trump who will decide whether it's good enough for the US, and said he expects the upcoming trade deal to be "positive and bullish".

White House Economic Adviser Larry Kudlow touts major progress in the ongoing trade talks with China.

The White House included a similar concept in the previous year's budget proposal, but rejected a similar scheme in MA, arguing it was illegal for the state to accept rebate payments from drugmakers without covering all available treatments. That is roughly $54 billion from current high levels, although proposed disaster spending chews up about half of that savings.

While the House has voted to revoke the emergency and the Senate may have enough votes to hold up the measure, neither chamber has enough votes to override an assumed veto by Trump.

"The same thing will repeat itself if he tries this again", they said in a joint statement.

The budget document will project the economy growing at an average of 3 percent annually over the net decade, according to the official, including 3.2 percent growth for 2019. Lawmakers from both parties oppose the emergency declaration, but Congress appears to lack a veto-proof margin to block Trump. He first promised Mexico would pay for it, but Mexico has refused to do so.