Another campaign promise he’s trying to keep. If Congress doesn’t block him as usual.
Earlier Wednesday, during an interview with Fox Business Network, Trump said cutting the budget is "not as tough as you think, and frankly there’s a lot of fat in there."
He attributed a recent spike in federal spending to the needs of the military.
"You know we’re doing a lot of things, a lot of great things," he said. "But now I’m going to also do some cutting of the budget."
This year's deficit could have been higher, Treasury said, but the timing of certain payments was shifted.
Earlier this week, Treasury Secretary Steven Mnuchin suggested that the rising deficit was the "dire consequences of irresponsible and unnecessary spending.”
But a report from the nonpartisan Congressional Budget Office, released earlier this month, said tax cuts Congress approved last year partially led to the deficit jump.
More @ President Donald Trump says he'll ask Cabinet to cut department budgets by 5 percent
Earlier Wednesday, during an interview with Fox Business Network, Trump said cutting the budget is "not as tough as you think, and frankly there’s a lot of fat in there."
He attributed a recent spike in federal spending to the needs of the military.
"You know we’re doing a lot of things, a lot of great things," he said. "But now I’m going to also do some cutting of the budget."
This year's deficit could have been higher, Treasury said, but the timing of certain payments was shifted.
Earlier this week, Treasury Secretary Steven Mnuchin suggested that the rising deficit was the "dire consequences of irresponsible and unnecessary spending.”
But a report from the nonpartisan Congressional Budget Office, released earlier this month, said tax cuts Congress approved last year partially led to the deficit jump.
More @ President Donald Trump says he'll ask Cabinet to cut department budgets by 5 percent