Trump administration releases $4.7-trillion budget proposal for FY2020

Market news

11 March 2019

Trump administration releases $4.7-trillion budget proposal for FY2020

proposes to raise defense spending by 4 percent to $750 billion
proposes to cut foreign aid a by $13 billion
proposes a $1.9 trillion cut to mandatory spending over 10 years

(The U.S. fiscal year (FY) runs from October 1st to September 30th)

European stocks closed: FTSE 100 +26.31 7130.62 +0.37% DAX +85.64 11543.48 +0.75% CAC 40 +34.74 5265.96 +0.66%

U.S. consumer inflation expectations fall in February

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