WH to Propose 'Dramatic' Cuts to Foreign Aid

The White House will propose drastically cutting back on foreign aid spending, Office of Management and Budget (OMB) director Mick Mulvaney said on Fox News.

The money saved abroad will then be spent at home, he explained.

"By the 16th of March, we'll be able to roll out the full spending budget," Mulvaney told Fox News’s Eric Bolling.

"We are going to propose to reduce foreign aid and we are going to propose to spend that money here," he added, explaining that the reductions will be "fairly dramatic."

The OMB director said the cuts will not target one country or region in particular, but will affect “various different nations.”

"The overriding message is fairly straightforward, which is, less money spent on folks overseas -- more money spent on folks back home," he added.

Earlier this week the White House proposed cutting the budgets of the State Department and the U.S. Agency for International Development by 37 percent in an effort to significantly increase defense expenditures.