Trump budget forecasts deficits over twice Bessent's target, seeks 42% defense spending increase
The president's budget projects far larger deficits than Treasury Secretary Scott Bessent's target while proposing a substantial increase in defense spending.
President Donald Trump's next budget projects federal deficits running more than double Treasury Secretary Scott Bessent's stated target through at least 2029. The proposal also calls for a 42% increase in defense spending, creating a notable disconnect with the administration's deficit-reduction pledge.