Trump administration sending Congress $4.1 trillion budget


It calls on Congress to spend $4.1 trillion next year, a little more than what is being spent this year. John Cornyn, R-Texas, said as he predicted the Medicaid cuts wouldn't survive the Senate.

The proposal projects that this year's federal deficit will rise to $603 billion, up from $585 billion last year.

House Speaker Paul Ryan of Wisconsin dismissed such criticism as typical rhetoric and praised the budget because it balances over 10 years.

"[This is] an effort to get to sustained 3-percent economic growth in this country again", he said.

"There is no justification for assuming such a high level of growth", said the CRFB, a nonpartisan watchdog group.

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

North Korea fires another missile
A South Korean military official declined to confirm the report but said the military was analysing the launch. Achieving re-entry was considered as one of the biggest challenges facing North Korea .

Funding for the National Institutes of Health would decrease by almost $6 billion in the next fiscal year. But while his first big federal budget proposal has $200 billion for that goal, most of it won't be available until late 2018 and beyond. Law enforcement and border security would get increases, however.

Defence spending and border security would get significant boosts, with the former adding a $469 billion boost over the next decade, and border security getting $2.6b for security technology, including money to design and build a wall along the southern border.

Trump has said he will find a way for Mexico to repay the United States for construction of the wall but that Congress would need to fund it first.

Massive cuts to Medicaid: The budget proposes an additional $610 billion cut to Medicaid, with $250 billion in savings to offset it.

This category of spending accounts for the smallest part of the federal budget and covers everything from education, legal aid and national parks to government-funded research and diplomacy.

The proposal will make its way from the president's desk to Congress, where lawmakers will either move forward with the bill or stop it dead in its tracks.

Warriors trounce Spurs without Leonard for 2-0 series lead
Stephen Curry leads the Golden State Warriors in a Game 2 blowout of the San Antonio Spurs in the NBA Western Conference Finals. So my buddy's like, 'Oh, you got to thank the Spurs for that.' Go to the next red light, more cops come, the bus is right on us.

According to New York Magazine, Trump's budget assumes a $2 trillion increase in revenue through economic growth that can't be verified or supported by any estimations by anyone, anywhere.

Over the next decade, [the budget] calls for slashing more than $800 billion from Medicaid, the federal health program for the poor, while slicing $192 billion from nutritional assistance and $272 billion over all from welfare programs. According to news reports about the proposal, the changes give states more flexibility in requiring food stamp recipients to work and changing eligibility requirements.

The administration estimates the change would save $40.4 billion over a decade.

Infrastructure: $200 billion is proposed for supporting a $1 trillion public/private infrastructure investment program.

But he did not say exactly how any of this might work, whether as public-private partnerships, tax credits, federal grants or loan programs.

While the bipartisan resistance to the budgetary ideas will be huge, the White House's attempt does represent the first bid in a long process to funding the government. The program - which would cost somewhere between $19 billion and $25 billion over a decade - would be administered through the unemployment insurance system. Back then he would have made partial paid leave available only to working mothers whose employers didn't offer paid maternity leave.

Canaccord Genuity Boosts Marshalls plc (MSLH) Price Target to GBX 375
The ENA segment consists of Europe, Russia/Commonwealth of Independent States, Israel, North America, Australia and New Zealand. Newriver Reit PLC has a 50 day moving average of 343.72 GBX and the 200 Day Moving Average price is recorded at 332.99.

In 2015 and 2016, Trump repeatedly promised to "save" social welfare programs, insisting Medicare, Medicaid and Social Security benefits would be preserved under his administration. There are no Medicaid cuts in the terms of what ordinary human beings would refer to as a cut.