Mulvaney says Trump budget will include money for Mexico border wall

Budget director warns interest rates may 'spike' on deficit

Budget director warns interest rates may 'spike' on deficit

Trump is set to host a meeting with state and local officials on his proposal Monday, but it is not clear if any of them will be from NY.

For now, the White House is suggesting that lawmakers cut money from elsewhere in the budget, including some existing infrastructure programs.

The proposal calls for changes to the federal permitting process, and spending proposals will be paid for by cuts elsewhere in the budget.

The budget request that President TrumpDonald John TrumpTillerson: Russia already looking to interfere in 2018 midterms Dems pick up deep-red legislative seat in Missouri Speier on Trump's desire for military parade: "We have a Napoleon in the making" MORE is releasing Monday will propose more than $23 billion for border security and immigration enforcement - including funds for a wall along the U.S. -Mexico border, the White House said Sunday.

It also sets aside only $200 billion in federal funding for infrastructure projects, some of it taken from other transportation spending, while counting on money from states, localities and private investors to reach a goal of $1.5 trillion. "We're pretty agnostic to the way they raise revenue". But the fund would match investments only up to $0.20 on the dollar at the maximum level of federal investment.

"While we certainly aren't opposed to talking about Gateway, we're not going to start the discussion of rebuilding our entire nation with a single - albeit large - project, especially not one where 90 percent of the benefits go to local transit riders", a senior Trump administration official told The Post.

But projects would be scored "higher" based on how much non-federal money states are able to pony up, according to the White House. And how do we know they truly care about them? The official added that they are working to make sure that they do not engage in "project-picking".

The proposal also calls for US$50 billion for rural infrastructure, with states' governors to be given more latitude to decide on priorities.

A senior administration official insisted the plan was not shifting responsibilities to the states.

The official explained that "virtually 100 percent of major infrastructure in the US requires some form of federal permitting", but the federal government funds just about 14 percent of infrastructure costs, and owns an even smaller percentage. The final $10 billion will go towards a "capital financing fund" that will fund office-building infrastructure the federal government is already building.

But even an investment of $1.5 trillion towards infrastructure over the next decade won't be almost enough to keep pace with the needed repairs.

The White House argues that funding is only one component of the president's infrastructure plan.

Instead, the new budget deal and last year's tax cuts herald the return of trillion dollar-plus deficits.

The Trump administration says it wants to shorten the time and expense of getting federal permits by consolidating the reviews conducted by different agencies into "one federal decision", with one agency taking the lead on evaluating a project. The current permitting structure is overly concerned with preventing litigation and not enough on outcomes, the official said. "And then expand out the use of apprenticeships to help those that are interested in going to trades, develop their skills, and move more gradually into the workforce".

An administration official said it expects bipartisan support for the plan, but Democrats have their own proposal.

President Trump is expected to travel and negotiate extensively in the next few weeks, to sell the plan to the public and to both sides of the aisle in Congress.

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