The White House has denied the president's budget proposal contains an egregious math error. Former US Treasury Secretary Larry Summers pointed out the spending plan double-counts US$2trillion. But White House budget director Mick Mulvaney told reporters: We stand by the numbers.
United States Treasury Secretary Steven Mnuchin said on Thursday the Trump administration plans to release a major tax reform plan very soon. While the secretary has more recently backed away from meeting his own August deadline, Mnuchin's comments on Thursday reinforced his own commitment to finalize an overhaul of U.S. tax policy in 2017.