White House: Trump's first budget will not address taxes or mandatory spending

According to a White House Budget's official, U.S. President Donald Trump will release budget that will increase defense spending by $54 billion.

Key headlines (via Reuters):

• Trump budget will also cut non-defense spending by $54 billion to offset
• There will be a "large reduction foreign aid" in Trump budget
• Most Federal agencies will see reductions in funding
• Trump will let Pentagon decide how to spend a $54 billion increase in funding