Instant Alert: Trump's budget plan to boost defense spending by $54 billion

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   Trump's budget plan to boost defense spending by $54 billion by on Feb 27, 2017, 10:39 AM Advertisement Republican President Donald Trump will seek to boost Pentagon spending by $54 billion in his first budget proposal and cut the same amount from non-defense spending, including a large reduction in foreign aid, a White House budget official said on Monday. Trump will let the Department of Defense decide how to spend the extra billions and most federal agencies will see reductions in funding, an official from the Office of Management and Budget told reporters. The official said Trump's first budget will not address taxes or mandatory spending. SEE ALSO: Trump administration seeks to loosen hiring requirements to beef up border patrol   Share the latest business news with your network:    Email sent to:   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011