February 8, 2018 / 9:18 PM / 7 months ago

White house says it will release budget on Monday that will include spending caps

WASHINGTON (Reuters) - The White House will release on Monday a federal budget plan that will incorporate spending caps, a White House spokesman said on Thursday.

The budget proposal will “move us toward a path of restoring fiscal responsibility, it reduces our deficit by trillions of dollars” and incorporates budget caps and a tax bill, White House spokesman Raj Shah told a regular news briefing.

Reporting by Jeff Mason; Writing by Eric Walsh; Editing by Jonathan Oatis

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