Trump Budget

President Donald Trump's budget request for fiscal year 2021 arrives at the House Budget Committee on Capitol Hill in Washington, Monday, Feb. 10, 2020. (AP Photo/J. Scott Applewhite)

WASHINGTON — President Donald Trump unveiled a $4.8 trillion election-year budget plan on Monday that recycles previously rejected cuts to domestic programs like food stamps and Medicaid to promise a balanced budget in 15 years — all while leaving Social Security and Medicare benefits untouched.

Trump’s fiscal 2021 plan promises the government's deficit will crest above $1 trillion only for the current budget year before steadily decreasing to more manageable levels, relying on optimistic economic projections, lower interest costs, scaled-back overseas military operations and proposed cuts to agency budgets that run counter to two previous budget deals signed by Trump.

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