Trump for Infrastructure Budget Plan Already Waiting Long

Infrastructure in America is much damaged. President Donald Trump on Monday (12/2) presented a long-awaited $ 1.5 trillion plan to repair the damaged infrastructure, and held meetings with local and state officials to discuss it. For the local community, the budget came too late.

In December 2015, a historic building in the city of Pittsburgh, Pennsylvania – Greenfield Bridge – collapsed. The bridge later became one of the thousands of critical infrastructure projects being repaired in America.

Projects such as repairing the 95-year-old bridge are too costly for most local people to be self-financed. Without the help of federal and state governments, this project would not be possible.

Pittsburgh city official Guy Costa said: "We need it. Everyone needs it. Not only are there in Pittsburgh and Western Pennsylvania, but also people across America. Here a lot of infrastructure is old and. broken. So any funding will be a very good thing. "

Pittsburgh city official Guy Costa added that the federal grant includes 80% improvement, the other 15% coming from the state of Pennsylvania and the remaining 5% of the city of Pittsburgh. This means that the city of Pittsburgh only needs to bear a million dollars out of the 19 million dollars the cost of building the bridge.

Trump's president used to campaign that he will ask Congress to pass a trillion-dollar budget to fund the repair of a long-damaged infrastructure.

– local officials say this is actually too late. Pittsburgh Mayor Bill Peduto said, "We build all of this infrastructure, but we do nothing to keep it functioning. Nothing at all. "

Pittsburgh was once a special industrial city for steel production. But like many other old cities, an uncontrolled urban expansion – linking the heart of Pittsburgh with the suburbs – means more budget spent on new projects, and fewer are set aside to maintain older buildings. [19659003] "No different from our house. The roof starts to leak, but we keep ignoring it, until one day we have to replace the entire roof of the house, "added Peduto.

In addition, the bureaucratic process is slower. Furthermore, Guy Costa says, "Many budgets – since being approved in Washington to the local level – take years, and then from there we have to undergo the process of designing the building for four years."

This infrastructure project will have an impact on nearly 20 thousand people. And that's just one bridge, in a city of 300,000 people. Imagine this happening across America. Progress brings inconvenience. Tens of thousands of people using Greenfield Bridge are now forced to pass the previously deserted suburbs.

Katie Lederman, a suburban resident, said: "This traffic jam caused chaos and disruption, so I considered selling my house. This is terrible! "

The fate of more than 58,000 other damaged bridges now depends on the success of President Trump convincing Congress to make his campaign promise a reality. [em/ii]

Trump Files Bigger Budget for Pentagon

President Donald Trump proposed the largest military budget since 2011 to build a nuclear defense system and withhold the growing strength of China and Russia.

Under the proposal, part of the proposed Trump budget request for the government, the Pentagon will receive $ 617 billion and an additional $ 69 billion to fund the ongoing share of war in fiscal 2019. The fund rose by $ 74 billion from the budget in the previous fiscal year.

But critics say the budget increase still does not match Trump's promise in the 2019 presidential campaign. Trump often illustrates the US military's lack of funding.

The 2019 budget document specifically highlights the effort "to stop the erosion of US military superiority in relation to China and Russia" which is the focus of the National Defense Strategy announced by Defense Minister Jim Mattis in January. [as/fw]

Proposed US Budget 2019 Includes Wall Frontier Fund

President Donald Trump proposed a $ 4.4 trillion state budget to Congress, which included the cost of building a border wall with Mexico and increasing military strength. But the proposed budget is expected to lead to a federal deficit of more than $ 1 trillion.

When announced Monday (12/2), White House officials acknowledged the likelihood of the proposed budget would pass into law. Only Congress is authorized to set a federal government budget. But the White House insisted the proposed budget sent an important message on President Trump's priority.

The budget proposal contained major cuts to domestic programs such as Medicare, Medicaid and Food Stamps. But it still does not balance the federal budget, partly because of reduced state revenues due to last year's tax reduction.

The Democrats generally reject the proposal. The chairman of the minority fraction in the House, Nancy Pelosi called the proposal "a collection of false promises and exceptional brutal pruning."

In a meeting on infrastructure at the White House on Monday, Trump President said he hopes to spend more on country rather than abroad. [as]

US House of Representatives Pass a Big Budget To Conclude Closure of Government Activities

The House of Representatives passed a bill of 400 billion dollars on Friday morning, aimed at ending the halt of some federal government activities.

Legislators voted with 240 votes versus 186 to approve the current bill sent to President Donald Trump for signing. However, this budget will only fund the government until March 23. After that the legislators had to draft a detailed budget plan for the rest of the fiscal year that ended on September 30.

The budget was passed, despite opposition from a number of politicians who objected to large budget increases, and without any action plan to protect more than one million illegal young immigrants, known as Dreamer .

See also: Some US Government Operations Re-Terminated

American Government Activities closed Friday morning (9/2), as Congress passed a deadline to extend the federal government funding. This is the closing of part of a second government operation in less than a month. The Senate then decided with 71 votes versus 28 to reopen the federal government's activities.

Senator Rand Paul from the Republican fraction late on Thursday (8/2) hampered the efforts of both factions to pass a bill to keep the wheels of government running, before the federal funds expire.

Paul from Kentucky objected to the Senate holding a vote on the draft budget for two years, which will increase the military and domestic budgets of hundreds of billions of dollars. He said the budget would bolster the already rising federal deficit and increase the national debt of more than 20 trillion dollars.

"With honesty and good faith, I am against voting for this design," Paul said in a long, fire in the Senate, as time grew thinner for Congress to avoid closing some of the less important federal government operations. "There is a 700-page legislation printed in the middle of the night and no one has read it yet … nothing will be renewed, the waste will continue," he said.

Paul's attitude invited a fellow senator's anger from the Republican fraction, from South Carolina, who said the American military desperately needs additional funding after years of budgetary restrictions, which hamper domestic and Pentagon programs.

"Debts and deficits are no excuse for letting the military go wild. I will do anything that will defend our military, "he said. [uh]

US Budget Deficit Could Raise Borrowing Costs

Rising US debt can boost borrowing costs and complicate matters for the Federal Reserve, which faces challenging situations by 2018, a senior policy maker said on Thursday. William Dudley, President of the Federal Reserve Bank of New York's influential, said the rise in US bond interest could make the central bank's work "somewhat more difficult."

"If the budget deficit is on an untenable path, which seems to be happening now, bond investors will start suing coupons which is higher to compensate for the risk of saving the debt, "Dudley told Bloomberg TV, as reported by AFP.

The yield on the 10-year US maturing bond rose to 2.88 percent on Thursday (8/2), the highest level since January 2014, due to sharp decline of Wall Street stock this week. [as/al]