White House economic advisor plans tight budget



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White House economic adviser Larry Kudlow said Sunday that President TrumpDonald John TrumpSanders pledges to support the Democratic candidate in 2020. CNN's Zucker: Fox News is a "propaganda media" Warren struggles to gain ground against the Sanders push MORE will request a general 5% domestic spending reduction in its budget proposal, even as it calls for increased funding for a wall along the southern border.

Kudlow on "Fox News Sunday" outlined the budget strategy of the administration before the presentation of the 2020 exercise proposal on Monday. He said that this will combine policies such as the 2017 tax cut bill with the reduction of about 5% of domestic spending in order to boost growth and reduce deficits.

"It will be a difficult budget," he said, calling it "exactly the right prescription".

The president would intend to ask $ 8.6 billion for the construction of his long-promised wall along the border with Mexico, when he will present his congressional budget for Monday. Financial year 2020.

Funding for the wall would have brought in $ 5 billion from the Department of Homeland Security's budget, plus $ 3.6 billion from the Pentagon's military construction budget. The budget proposal would include a separate $ 3.6-million military construction to help fund the projects affected by the wall.

Congress must approve funding for the 2020 fiscal year by October 1, failing which funding may become obsolete and the government will close.

Kudlow acknowledged Sunday that the proposal might entail another battle in Congress against the president's desire to create a wall. Trump, last December, triggered a partial government shutdown for a week on its $ 5.7 billion request for the structure.

The president then agreed to reopen the government without receiving any money. Last month, Congress had allocated $ 1.375 billion to creating obstacles, far behind the number desired by Trump. Trump then issued an emergency statement to bypass Congress and spend about $ 8 billion for a wall.

"I would just say that the whole issue of wall and border security is of paramount importance," Kudlow said Sunday.

"We have to be a lot together and have a more constructive immigration policy, which we will develop," he added. "(Trump) will stay with his wall.He will stay with the theme of border security.I think it is essential."

The federal deficit reached $ 92 billion in the first quarter of fiscal 2019, an increase of 41% over the same period of 2018. The White House estimated that the federal deficit would exceed $ 1 trillion in during this fiscal year, which will end until September 30th.

Kudlow, however, downplayed the threat of growing debt in the Fox News interview, saying he did not think economic growth policies "must necessarily be obsessed with budget deficits, etc."

"I do not think it weighs heavily on the economy," he said.

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