White House Publishes Yearly Budget Request

On Feb. 10, President Donald Trump’s released a $4.8 trillion budget request for the fiscal year 2021. As expected, the budget would see an increase in funding for defense spending but would make cutbacks to expenditures for many social programs. The budget once again includes $1 trillion for infrastructure spending, which would provide funding for surface transportation reauthorization and the insolvency-bound Highway Trust Fund. Additionally, the proposal would allow States to establish paid parental leave programs and provides $21 billion in funding for these programs over the next decade.

The President’s annual budget is typically more of a reflection of policy priorities for the current Administration, as Congress is not bound to allocate federal spending according to the request. Congress is not expected to finalize FY2021 appropriations until after the November election, given the potential for a shift in the balance of power.

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