Trump Budget To Seek $54 Billion More In Defense Spending, Offset By Decreases Elsewhere

By Steve GoldsteinMarketsMarketWatch Pulse

The first budget of the Trump administration will seek $54 billion in extra spending on defense, to be offset by equivalent decreases elsewhere. Spending on so-called mandatory programs will not be impacted in this budget, according to media reports based on a briefing from the Office of Management and Budget. "We're going to do more with less," President Trump said separately.

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