As is the case with most presidents, Donald Trump’s first budget proposal is already “dead on arrival” in Congress, with Democrats and many Republicans opposed to his plan – though for different reasons – to finance an increase in defense spending with steep cuts to several federal agencies.
And with the parties at odds over how and where to spend taxpayer money, expect another year in which Congress fails to pass a budget.
Log in to see the rest of this article and the discussion
Kiplinger Alerts is a subscription-based e-mail and online alert service that helps you make more profitable decisions for your business and investments. You get reliable intelligence and forecasts on more than a dozen factors that affect the economy and are critical to your business and financial success.