federal budget deficit

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WASHINGTON, DC - OCTOBER 31: U.S. President Donald Trump (R) speaks to business leaders as Secretary of the Treasury Steven Mnuchin (L) looks on during a Roosevelt Room event October 31, 2017 at the White House in Washington, DC. President Trump participated in a "tax reform industry meeting." (Photo by Alex Wong/Getty Images)

With the federal budget deficit up to $205 billion (a 48% increase since this time last year), it's unsurprising that Republicans are looking to deflect blame.

That's exactly what Treasury Secretary Steve Mnuchin did in a recent interview with Bloomberg, asserting that in order to get enough money for an increased defense budget, non-military spending demands had to be conceded to the Democrats.

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