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As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by CNBC:

President Donald Trump said Wednesday that he will ask each of his Cabinet secretaries to cut 5 percent of their respective budgets, shortly after he pledged to reduce spending and lower the U.S. budget deficit.

“We’re going to be asking for a 5 percent cut from every secretary today,” Trump told reporters at the White House in advance of a meeting with those secretaries.

The article goes on to state the following:

The proposal comes days after the Trump administration announced a $779 billion budget deficit for fiscal 2018 — a six-year high and a 17 percent jump from the previous fiscal year.

“He’s asking them to cut the fraud, the waste, the abuse,” White House senior advisor Kellyanne Conway said on Fox Business News. “Cut the fat, not the essentials.”

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