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Wall Street trims gains as weak data weighs ahead of Donald Trump budget

Donald Trump is set to propose a raft of politically sensitive cuts

Reuters 

US stocks trimmed their gains on Tuesday morning, weighed down by weak economic data, while investors await more details from President Donald Trump's first full budget plan aimed at slashing government spending. Trump is set to propose a raft of politically sensitive cuts, including to healthcare and food assistance programs for the poor, with the aim of chopping government spending by $3.6 trillion and balancing the budget over the next decade. "Investors are interested simply because it does give an indication where Trump is going to try to influence the agenda and ...

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First Published: Tue, May 23 2017. 22:43 IST
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