White house says it will release budget on Monday that will include spending caps

Reuters News
Posted: Feb 08, 2018 4:17 PM

WASHINGTON (Reuters) - The White House will release on Monday a federal budget plan that will incorporate spending caps, a White House spokesman said on Thursday.

The budget proposal will "move us toward a path of restoring fiscal responsibility, it reduces our deficit by trillions of dollars" and incorporates budget caps and a tax bill, White House spokesman Raj Shah told a regular news briefing.

(Reporting by Jeff Mason; Writing by Eric Walsh; Editing by Jonathan Oatis)