» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X

Forgot your password?
Skip Navigation LinksHome > Article
VOL. 42 | NO. 41 | Friday, October 12, 2018

Trump ask Cabinet to cut next year's budgets by 5 percent

Print | Front Page | Email this story

WASHINGTON (AP) — Dubbing it the "nickel plan," President Donald Trump announced Wednesday that he's asking every Cabinet secretary to cut their next-year's budgets by 5 percent.

"Get rid of the fat. Get rid of the waste," Trump told members of his Cabinet during a meeting at the White House. "And I'm sure you can do it."

Trump said he couldn't ask for the spending cuts earlier because he was working with Congress to increase funding for the U.S. military.

Trump's budget request is due early next year. It's for the fiscal year that starts Oct. 1, 2019. He said he wants to keep defense spending at $700 billion.

Trump said he's heard of a money-saving strategy called the "penny plan" to reduce federal spending by 1 percent.

"Rather than go by the penny plan, we'll go by the nickel plan," he said

Some Cabinet secretaries can probably cut more than 5 percent, he said.

"I believe we can actually do it easily," he said.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0