The big winner in President Trump's proposed budget is defense; the losers are the Environmental Protection Agency and the State Department. Fred Katayama reports.
President Donald Trump's proposed budget boosts spending on defense, but slashes the environment and diplomacy. His blueprint calls for a nearly seven percent increase for the Department of Homeland Security, partly so it can boost staff to catch and detain more illegal immigrants. It also allocates $1.5 billion for the border wall with Mexico that Trump wants to build and another $2-and-a-half billion in fiscal 2018. Eric Wiegand of U.S. Bank: SOUNDBITE: ERIC WIEGAND, SENIOR PORTFOLIO MANAGER, U.S. BANK, (ENGLISH) SAYING: "Certainly the budget as released was rather brief in detail. Not surprisingly, historically administrations put forward more of a wish list than an operating guideline as to how that's going to be attained. Some of the surprises had been foreshadowed, particularly the increase in defense expenditures." To help fund that bulk up in defense expenditures, Trump wants to slash the budget for the Environmental Protection Agency by 31 percent and the State Department by 28 percent. Taking big blows: foreign aid, grants to multilateral development agencies like the World Bank, and climate change programs at the UN. Congress may reject some or many of his proposed cuts. New administrations often present what's known as a "skinny budget," but Trump's blueprint lived up to its name. It's only 53 pages long, one fourth the length of President George W. Bush's budget.