US President Donald Trump demands 750 billion for defense from Congress. It relies on using the emergency Overseas Contingency Operations (OCO) account - derided by conservatives as a slush fund - to skirt spending caps set out in a 2011 fiscal restraint law.
Trump proposes to cut $2.7 trillion, 5 percent, overall from foreign aid, welfare reform, student loans, federal retirement and a handful of other areas that are outlined in fact sheets released by the White House on Monday morning.