White House Delivers $4.1 Trillion Budget Proposal

The White House has delivered Congress a $4.1 trillion budget proposal.

Lawmakers from both parties say major changes will be needed as the measure moves through Congress.

The proposal seeks to speed up economic growth and includes deep cuts in support programs for low income individuals in order to balance the budget over the next decade.

That includes a 30 percent cut to the food stamps program.

The Trump administration is also proposing to eliminate subsidized student loans.

They also propose to end student debt forgiveness for those who enter public service.

The proposal projects this year’s deficit will rise to $603 billion.

That’s up from the actual deficit of $585 billion last year.