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Trump administration wants to divert infrastructure funds to its own construction plan (ARTICLE & VIDEO)

Trump administration wants to divert infrastructure funds to its own construction plan (ARTICLE & VIDEO)

CNBC.com
Kayla Tausche
March 16, 2017

The White House budget proposed Thursday strips infrastructure funding from federal agencies to divert funds to a forthcoming executive branch infrastructure plan, according to Mick Mulvaney, director of the Office of Management and Budget.

"We believe those programs to be less effective than the package we're currently working on," Mulvaney said, calling such cuts "line-item reductions."

The administration's approach lowers or cuts entirely funding for projects deemed to have regional benefits, in order to increase funding to those with national scope. Among the priorities that fall into the latter category are investments in the nation's power grid, cybersecurity efforts and "environmentally responsible development of energy on public lands." FULL ARTICLE & WATCH VIDEO

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