Trump's record US$4.7 trillion budget relies on strong growth

WASHINGTON -- U.S. President Donald Trump proposed a record US$4.7 trillion federal budget for 2020 on Monday, relying on optimistic 3.1 per cent economic growth projections alongside accounting shuffles and steep domestic cuts to bring future spending into promised balance in 15 years. The deficit is projected to hit $1.1 trillion in the 2020 fiscal year, the highest in a decade. The administration is counting on robust growth, including from the Republican tax cuts -- which Trump wants to make