President Trump Leads Cabinet Meeting: Calls for 5% Cut. "The Nickel Plan" 10/17/18

President Trump Leads Cabinet Meeting: Calls for 5% Cut. "The Nickel Plan" 10/17/18

President Donald Trump on Wednesday said he would cut the budget with the help of his Cabinet.
"We're going to ask every Cabinet secretary to cut 5 percent for next year," Trump told reporters prior to a Cabinet meeting at the White House.
Trump's ask comes as the Treasury Department reports that the federal budget deficit rose this year to $779 billion. That amounts to a 17 percent increase over the previous year, and is the highest deficit in six years.
Still, while the president can ask his Cabinet secretaries to cut their budget proposals, the federal budget is ultimately approved by Congress. Lawmakers are free to draw up their own spending plans for federal agencies and the rest of the government.
The president does have the leverage of his veto. After approving the $1.3 trillion budget plan Congress sent him in March, Trump threatened he will “never sign another bill like this again.”
Trump has previously called for deep, double-digit percentage reductions for some federal departments that were rejected by Congress. His first proposed budget last year included the complete elimination of 62 agencies, which lawmakers ignored.

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