President Donald Trump unveiled a $4.4 trillion budget for next year that heralds an era of $1 trillion-plus federal deficits. The growing deficits reflect, in great part, the impact of last year’s tax overhaul, which is projected to cause federal tax revenue to drop. And Monday’s budget submission does not […]
Trump to unveil $1.5 trillion infrastructure plan
President Donald Trump on Monday launched a “big week” for his long-awaited infrastructure plan, which envisions spurring $1.5 trillion in spending over a decade to rebuild roads and highways. The plan would fulfill some Trump campaign goals but rely heavily on state and local government for much of the funding. […]