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Trump’s budget will ask Congress not to spend all the money from cap-busting spending deal: The 2019 budget that President Trump will send to Congress Monday will attempt to “bend the trajectory down” on trillion-dollar budget deficits — even after Trump agreed to eliminate the spending caps in a budget deal last week, White House budget director Mick Mulvaney said Sunday.

“Just because this deal was signed does not mean the future is written in stone. We do have a chance still to change this trajectory and that’s what the budget will show,” Mulvaney told Fox News Sunday.

Trump’s second budget proposal, to be released Monday, could be among the most important policy blueprints of his administration. His first budget proposal, coming just weeks into his administration, was portrayed largely as a placeholder — despite its proposals for deep cuts in domestic spending.

But now, Trump’s 2019 budget has been overtaken by events even before it’s off the printing press.

Mulvaney’s office has been working for months based on the assumption that spending caps first imposed in the 2011 Budget Control Act would remain intact. With those assumptions now blown up, budget drafters scrambled over the weekend to update to its budget requests for this year and the next.

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Related News: The Senate Has Passed a Spending Bill to Reopen the Federal Government. Read More…

Trump’s budget will ask Congress not to spend all the money from cap-busting spending deal: The 2019 budget that President Trump will send to Congress Monday will attempt to “bend the trajectory down” on trillion-dollar budget deficits — even after Trump agreed to eliminate the spending caps in a budget deal last week, White House budget director Mick Mulvaney said Sunday.”Just because this deal was signed does not mean the future is written in stone. We do have a chance still to change this trajectory and that’s what the budget will show,” Mulvaney told Fox News Sunday. Trump’s second budget proposal, to be released Monday, could be among the most important policy blueprints of his administration. His first budget proposal, coming just weeksinto his administration, was portrayed largely as a placeholder — despite its proposals for deep cuts in domestic spending. But now, Trump’s 2019 budget has been overtaken by events even before it’s off the printing press.  Mulvaney’s office has been working for months based on the assumption that spending caps first imposed in the 2011 Budget Control Act would remain intact. With those assumptions now blown up, budget drafters scrambled over the weekend to update to its budget requests for this year and the next.