Mick Mulvaney, director of the Office of Management and Budget, has said President Donald Trump plansÂ to releaseÂ a detailed version of hisÂ budget plan in May thatÂ will include a strategy to addressÂ U.S. deficits, Reuters reported Sunday.
Valerie Volcovici writes MulvaneyÂ toldÂ NBC’s “Meet the Press” in an interview the White HouseÂ does not expect the budget to be balanced in fiscal 2018 but saidÂ that the Trump administration will workÂ to “get it to balance within the 10-year budget window.”
“Over the course of the next decade, we’ll have to look at the mandatory spending side in order to figure out a way to make changes to the way we spend money,” Mulvaney added.
He noted the president alsoÂ could release a U.S. infrastructure modernization plan in the summer or fall.
Last week, Trump submittedÂ a $1.1 trillion FY 2018 budget plan to CongressÂ and requested $30 billion in supplemental military funds for the remainderÂ of the current fiscal year.