President Donald Trump on Wednesday instructedfederal department leaders to slash 5 percent from their budgets next year, signaling a renewed interest in belt-tightening amid mounting deficits.
Even the military could see slight cuts from its current budget: Trump said the Pentagon’s budget would “likely be $700 billion,” according to a White House pool report. That would shave off roughly $16 billion, or 2.3 percent, from the Department of Defense
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