Tuesday night President Trump will speak before a joint session of Congress for the first time as President. Although he has not officially introduced his budget for the next fiscal year, he plans to deliver his proposed defense budget, along with cuts in spending to Congress next month. According to several reports, President Trump’s first budget will call for a $54 billion dollar increase in defense and military spending, and a reduction in spending of roughly the same amount in lower priority programs including: The Environmental Protection Agency (EPA) and the U.S. State Department. In a recent speech, President Trump said he wants to:
“Rebuild the depleted U.S. military at a time that America most needs it, and make government lean and more accountable.”
See more of President’s Trump speech re: the budget below.
Currently the United States spends more money ($600 billion/year) on defense & military expenditures than any other country in the world. Pres. Trump’s initial budget proposal will not address tax reform or mandatory spending, so what can we expect from the President’s speech to a joint session of Congress tomorrow night? Watch a report from CNBC below.
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