Trump pledges to cut USA deficit


President Donald Trump is slated to release his 2019 budget proposal on Monday, with infrastructure and border security among the administration's top spending priorities.

Trump is set to host a meeting with state and local officials on his proposal Monday, but it is not clear if any of them will be from NY.

The plan to use $200 billion in federal funds to try to stimulate $1.5 trillion in infrastructure improvements over 10 year could reshape how the federal government funds roads, bridges, highways and other infrastructure. Success? No. The deal's spending boost-ahead of large deficits to appear in Monday's White House budget-should ring alarm bells. The rest is expected to come from state and local governments and private investment.

Over the weekend, the White House boasted that numerous objectives in the Trump plan already come under support from both major parties - although there are differences as to how exactly they should be achieved.

The got a more enthusiastic response than expected from state governments, prompting to up the goal from the original $1 trillion to $1.5 trillion from the same $200 billion federal payout. "They can sell bonds, use public private partnerships, create user fees, etc". But the fund would match investments only up to $0.20 on the dollar at the maximum level of federal investment.

But the White House official said there is "remarkable overlap" in these proposals.

Mulvaney said on Sunday all that money did not need to be spent.

"The way that we get to $1.5 trillion is we could be putting 10 percent or 20 percent in terms of the cost of that project". "They held the Defense Department hostage, and we had to pay that ransom".

Pence raises prospect of US-NKorea talks, Seoul seeks to lower tensions
Moon met Kim Yo Jong and the North's ceremonial head of state Kim Yong Nam for talks and lunch at the Blue House today. North Korea has spent years developing its military, saying it needs to protect itself from USA aggression.

The remaining $100 billion involves $50 billion for rural project grants distributed to all states, $30 billion for government financing of projects and $20 billion toward "transformative projects" or new ideas that are not simply repairing existing infrastructure.

Trump and members of his Cabinet will tour the country to point out where construction is needed - and where admirable projects have been accomplished, according to senior administration officials.

The second way the White House says the system is broken is in the lengthy federal permitting process, which officials say can take five to 10 years or longer, driving up costs. That levy has been 18.4 cents a gallon since 1993, and inflation as well as rising vehicle fuel efficiency have reduced its usefulness in raising enough money to keep pace with fix needs.

"With the proposal they made, it's hard to see how you could build Gateway", Senate Minority Leader Chuck Schumer (D-N.Y.) said at an unrelated news conference Sunday. "Did a very good job while he was at the White House", said Mr. Trump.

The president wants to shorten the environmental permitting process to two years by establishing a new "one agency/one decision" process, the White House official said. The current permitting structure is overly concerned with preventing litigation and not enough on outcomes, the official said.

The White House plans to further its efforts to cut regulatory burdens in its budget - including as part of its infrastructure plan. And programs will be set up to expand apprenticeships for workers to more easily develop skills.

While the federal share would fall, senior administration officials said the change will reduce the reliance on the federal government for a broader variety of worthy projects. The president's plan will call for the creation of "One Agency, One Decision" type of process that would put one lead federal agency in charge of completing an environmental review within 21 months.