Trump to propose deep cuts to anti-poverty programs and Medicaid - BBG

Bloomberg out with latest headlines on the US Budget proposal, noting that Trump plans to propose $1.7 trillion in cuts to a category of spending that includes major social and entitlement programs for lower-income Americans.

According to a Republican congressional aide and a White House document obtained by Bloomberg, the White House will issue a formal budget request Tuesday that includes $274 billion in cuts over 10 years to means-tested anti-poverty programs, including food stamps.