Mar 10, 2019

Trump budget proposal to use Pentagon "slush fund," lay out priorities

Photo: Mandel Ngan/AFP/Getty Images

The Trump administration will unveil the top-line figures from its 2020 budget on Monday.

The big picture: Trump's budget won't balance in 10 years, and it uses a controversial Pentagon "slush fund" to give Trump a $750 billion military budget without exceeding the spending caps imposed under a 2011 budget law.

Between the lines: Capitol Hill will promptly reject this budget, as it does every year with every president.

  • Soon after Reuters reported Trump's budget would ask Congress for an extra $8.6 billion to pay for the wall, Democratic leaders Chuck Schumer and Nancy Pelosi said in a joint statement: "Congress refused to fund his wall and he was forced to admit defeat and reopen the government. The same thing will repeat itself if he tries this again. We hope he learned his lesson."

Though symbolic, Trump's budget will show his priorities: boosting military spending, cutting other domestic spending, and making substantial cuts but not addressing Social Security and Medicare reforms that would be needed to take a big chunk out of the national debt. It will also include an increase in child care funding — an Ivanka Trump priority.

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Tech can't remember what to do in a down market

Illustration: Rebecca Zisser/Axios

Wall Street's two-day-old coronavirus crash is a wakeup alarm for Silicon Valley.

The big picture: Tech has been booming for so long the industry barely remembers what a down market feels like — and most companies are ill-prepared for one.

Brace yourself for a coronavirus outbreak

Illustration: Aïda Amer/Axios

Public-health officials’ warnings about the coronavirus are sounding increasingly urgent, with one top CDC official asking the public yesterday "to prepare for the expectation that this might be bad."

Reality check: Other administration officials, including President Trump himself, were more subdued in their assessments. But underneath those tonal differences, the reality of the coronavirus is the same: It spreads quickly, and has already spread to many countries, making it likely to start spreading here, too.

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Exclusive: Pro-Trump group plans post-Super Tuesday blitz on Democrats

Democratic presidential hopefuls take the debate stage in South Carolina. Photo: Logan Cyrus/AFP via Getty Images

Pro-Trump super PAC America First Action is preparing to unleash a series of targeted, swing-state attacks on the Democrats most likely to face President Trump after Super Tuesday, people familiar with the group's plans tell me in an exclusive preview of its strategy.

The state of play: The group has been tracking favorable/unfavorable ratings in Florida, Georgia, Michigan, North Carolina, Ohio and Pennsylvania for 2020 candidates Joe Biden, Bernie Sanders, Elizabeth Warren, Pete Buttigieg and Michael Bloomberg — under the theory that if Trump wins each of these six states he would win re-election.