Trump Aims to Balance Budget With Deep Cuts, Bullish Growth Projections

Peace and Freedom

But some warn that unrealistic assumptions could threaten president’s plan in Congress

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Updated May 18, 2017 10:53 p.m. ET

WASHINGTON—President Donald Trump next week will propose the U.S. can balance the federal budget over 10 years with substantial cuts to safety-net programs such as food stamps and other anti-poverty efforts, combined with a tax and regulatory overhaul that speeds up the nation’s economic growth rate, a senior White House budget official said.

The president’s budget, due for release Tuesday, will spare the two largest drivers of future spending — Medicare and Social Security — leaving trillions in cuts from other programs. That includes discretionary spending cuts…

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