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Mulvaney says there is ‘no center of gravity’ for cutting government spending

By Colin Wilhelm
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Mulvaney says there is ‘no center of gravity’ for cutting government spending

Acting White House chief of staff Mick Mulvaney said he sees no way forward to cutting federal spending and the only hope for reducing deficits is to increase revenues through economic growth.

“There is no center of gravity to reduce spending in this town, period, end of story,” said Mulvaney, speaking Tuesday at the annual fiscal summit hosted by the Peter G. Peterson Foundation, a nonprofit organization focused on reducing federal debt.

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Federal Budget Mexico Mick Mulvaney National Debt Spending Tariffs Trade