White House to release budget outline by mid-March

The Trump administration plans to release its fiscal 2018 budget outline by the second week of March, offering the first detailed look at priorities for the president’s first year. The plan, often called the “skinny budget,” is the first draft of Trump’s full budget proposal, which is expected later this spring. In broad strokes, it will likely lay out where Trump plans to boost spending, and specify which programs he will put on the chopping block. At this point, President Trump's budget outline is expected to significantly increase defense-related spending by $54 billion while cutting other federal agencies by the same amount. The proposal represents a major increase in federal spending related to national security, while other priorities, especially foreign aid, would face massive reductions.