Egypt to drill 480 new exploration wells worth $5.7bn over five years: Petroleum Minister    Gaza's fragile ceasefire tested as aid, reconstruction struggle to gain ground    Government to disburse funding to investors completing 90% of factory construction    Egypt's human rights committee reviews national strategy, UNHRC membership bid    EGX closes mixed on Oct. 14    HSBC named Best Cash Management Provider in Egypt by Euromoney    Boehringer Ingelheim Launches Metalyse® 25 mg in Egypt Following Approval by the Egyptian Drug Authority    Trump-Xi meeting still on track    Sisi hails Gaza peace accord as a 'new chapter' for the Middle East    Egypt, Qatar seek to deepen investment partnership    Egypt invites Chile's Codelco to explore copper mining opportunities    Turkish president holds sideline meetings with world leaders at Egypt summit    Al-Sisi, Meloni discuss strengthening Egypt–Italy relations, supporting Gaza ceasefire efforts    L'Oréal Egypt's 10th summit draws over 800 experts, focuses on dermatology    URGENT: Netanyahu skips Sharm El-Sheikh peace summit for holy reasons    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths one of largest New Kingdom Fortresses in North Sinai    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Egypt Writes Calm Anew: How Cairo Engineered the Ceasefire in Gaza    Egypt's acting environment minister heads to Abu Dhabi for IUCN Global Nature Summit    Egyptian Open Amateur Golf Championship 2025 to see record participation    Cairo's Al-Fustat Hills Park nears completion as Middle East's largest green hub – PM    Egypt's Cabinet approves decree featuring Queen Margaret, Edinburgh Napier campuses    El-Sisi boosts teachers' pay, pushes for AI, digital learning overhaul in Egypt's schools    Egypt's Sisi congratulates Khaled El-Enany on landslide UNESCO director-general election win    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Egypt's Al-Sisi commemorates October War, discusses national security with top brass    Egypt reviews Nile water inflows as minister warns of impact of encroachments on Rosetta Branch    Egypt's ministry of housing hails Arab Contractors for 5 ENR global project awards    A Timeless Canvas: Forever Is Now Returns to the Pyramids of Giza    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Egypt to host men's, juniors' and ladies' open golf championships in October    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Trump's pick for budget director has urged big spending cuts
Published in Amwal Al Ghad on 18 - 12 - 2016

Republican Rep. Mick Mulvaney, President-elect Donald Trump's choice as his budget director, is a fierce deficit hawk with a record of pushing deep spending cuts across the federal government to balance the budget.
The 49-year-old from South Carolina, just re-elected to a fourth term, is a co-founder of the hard-right House Freedom Caucus that pushed former Speaker John Boehner, R-Ohio, from power. As director of the White House Office of Management and Budget, Mulvaney would be responsible for Trump's budget submissions to Congress. Those budgets are likely to address Trump's campaign promises to repeal the Affordable Care Act, cut taxes broadly and boost spending on public works and other projects.
If confirmed by the Senate, Mulvaney would lead an office that coordinates federal regulations, putting him in charge of repeals of Obama administration rules. Trump has been critical of several of President Barack Obama's executive orders, from those involving climate change and reining in Wall Street to protecting the children of immigrants who are in the United States illegally.
Strongly anti-establishment, Mulvaney has supported cuts beyond what House Republican leaders preferred and has refused to back deals to raise the government's borrowing limit, more recently causing heartburn for current Speaker Paul Ryan, R-Wis.
The nomination probably will soothe fiscal conservatives but could put Mulvaney at odds with Trump, who has pledged additional spending for transportation, military and veterans' health care without offering little details on how to pay for it. Trump has previously suggested that the government should take on new debt for many of the spending projects because interest rates are so low.
In a statement, Trump commended Mulvaney's strong voice in Congress who will get America's fiscal house in order.
"Right now we are nearly $20 trillion in debt, but Mick is a very high-energy leader with deep convictions for how to responsibly manage our nation's finances and save our country from drowning in red ink," Trump said.
Mulvaney said he looked forward to working with Congress to create policies that will be "friendly to American workers and businesses."
"The Trump administration will restore budgetary and fiscal sanity back in Washington after eight years of an out-of-control, tax and spend financial agenda," he said.
House Democratic leader Nancy Pelosi of California called Mulvaney a "radical" who consistently voted to cut Medicare benefits. She noted that he was supporter of a government shutdown in 2013 and 2015 over spending that Republicans opposed for the health care law and Planned Parenthood.
"We cannot have an OMB director who sees inflicting pain on working families as leverage for his radical agenda," Pelosi said.
Mulvaney was elected in the 2010 tea party wave. He defeated Democratic Rep. John Spratt, who had been chairman of the House Budget Committee, by branding him as a big-spending liberal.
Mulvaney quickly came to oppose Boehner's leadership before Boehner was pushed out in 2015. In 2013, Mulvaney declined to support Boehner's re-election to the post. That year, Mulvaney unsuccessfully pushed for amendments to reduce Pentagon funding and proposed broad across-the-board federal cuts, including for the military.
He was an early backer of Trump during the presidential campaign, noting that the Republican billionaire had tapped into a populist sentiment dissatisfied with Washington.
"If you want to know, members of Congress, why you have Donald Trump, go look in the mirror, because we've over-promised and under-delivered for so long," Mulvaney said in February.
Actually balancing the federal budget requires deeper spending cuts than the GOP-controlled Congress can probably deliver on, especially if Trump prevails on revenue-losing tax cuts and a big infrastructure package next year.
On Saturday, Ryan praised Mulvaney as the "absolute right choice" for budget director.
A law graduate from the University of North Carolina at Chapel Hill, Mulvaney started a small homebuilding company and owned and operated his own restaurant before entering politics.
Other congressmen to take on the budget post include David Stockman, R-Mich., President Ronald Reagan's first OMB director, and Leon Panetta, who ran the budget office during President Bill Clinton's first term. Rob Portman, now a senator from Ohio, was one of President George W. Bush's budget directors.
Source: AP


Clic here to read the story from its source.