Trump to propose budget that won’t balance within a decade

Published February 10, 2020 1:55pm ET



President Trump’s fiscal year 2021 budget, to be released Monday, won’t balance within a decade.

Nevertheless, the Trump administration, eager to portray itself as fiscally conservative even as it presides over spending increases and tax cuts, will include $4.4 trillion in spending reductions over the next decade in the budget document, aiming to have it balance within 15 years, rather than the 10-year time frame usually used in such budget blueprints.

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