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President Donald Trump has unveiled his $4.4 trillion budget. Despite major cuts, this budget shows growing deficit. (Official White House Photo by D. Myles Cullen)

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Trump’s $4.4 trillion budget moves deficit sharply higher

President Donald Trump unveiled a $4.4 trillion budget for next year that heralds an era of $1 trillion-plus federal deficits and – unlike the plan he released last year – never comes close to promising a balanced ledger even after 10 years.