policy.asbmb.org
White House releases 2020 budget request
This week, President Donald Trump released his fiscal year 2020 budget request. The proposal, titled “A Budget for a Better America: Promises Kept. Taxpayers First” outlines $4.75 trillion to fund the federal government for FY 2020 which begins on Oct. 1. The proposed budget is in-line with the 2011 Budget Control Act. This law places requirements on Congress to address the nation’s debt limit and avoid default through budget sequestration. The request calls for over $2.7 trillion in spending cuts…