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President Donald Trump speaks at the Conservative Political Action Conference (CPAC), Friday, Feb. 24, 2017, in Oxon Hill, Md. (AP Photo/Evan Vucci)

Trump's first budget proposes an increase in defense spending while making cuts elsewhere

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President Trump's first budget proposal looks to increase defense-related spending by $54 billion while cutting the spending of other federal agencies.

The move would increase defense spending to $603 billion while decreasing non-defense discretionary spending to $462 billion, Office of Management and Budget director Mick Mulvaney told CNN Monday. 

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WATCH  | "This budget will be a public safety and national security budget," Trump said from the White House. He vowed "to do more with less."

Officials told CNN that the Environmental Protection Agency and foreign aid programs will face significant cuts in the proposed budget. Currently, foreign aid makes up roughly 1 percent of the federal budget. An Office of Management and Budget told CNN the new budget expects "the rest of the world to step up in some of the programs" the United States has generously funded throughout the years. 

In addition to including more money for defense, law enforcement and veterans, the proposed budget includes funding for the US-Mexico border wall. 

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WATCH  | Mulvaney called it a "It is a true America first budget."

Federal agencies began sending in their budget requests for the 2018 fiscal year on Monday, aides told The Washington Post

Once they are all received, the Office of Management and Budget will draft an official request for the 2018 fiscal year and submit it to Congress. 

  

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