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US Budget

Trump budget includes infrastructure plan, steep social cuts, rising deficits

WASHINGTON: US President Donald Trump on Monday unveiled an ambitious proposal to renew American infrastructure as part of a budget that calls for a stunning rise in debt and trillions in cuts to social spending. The fiscal blueprint abandons the long-held Republican goal of balancing the federal budget within a decade, with deficits projected to peak in two years and persist into the foreseeable future amid an aggressive buildup in defense spending. The initiative to revive crumbling US roads, bridges and airports…

Trump Administration proposes $800 mln fund for Pakistan under CSF

WASHINGTON: The Trump administration has proposed to give Pakistan US $800 million as reimbursement for its military and logistical support in counter-terrorism operations in the next fiscal, a defence department official has said. The administration has proposed the amount - a cut of US $100 million compared to the previous time - in its annual budget proposals under the Coalition Support Fund (CSF), a Pentagon programme to reimburse US allies that have incurred costs in supporting counter-terrorist and…