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Trump’s budget indicates $163 billion cuts

Gulf Today

|

May 04, 2025

After launching the tariff attack on America’s business and trade partners across the globe, President Donald Trump is turning inward as it were, and doing the things he believes will help America become great again.

While the tariffs were increased, he is cutting down government budgetary support for what he believes to be wasteful expenditure.

And in this category of wasteful expenditure he includes education and other social welfare measures that are meant to help Americans struggling to make ends meet. The White House Office of Management and Budget has proposed a cut of $163 billion in the 2025 budget. And true to his offensive credo, he has increased expenditure for defence and for homeland security.

The defence budget has been increased by 13 per cent, and the homeland security budget by 65 per cent. Non-defence discretionary spending has been cut down by 23 per cent. The Office of Management and Budget (OMB) Director Russ Vought said, “At this critical moment, we need a historic budget - one that ends the funding of our decline, puts Americas first, and delivers unprecedented support to our military and homeland security.”

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Gulf Today

Gulf Today

Budget challenge for Reeves gets even bigger as borrowing surges

Britain's borrowing has shot past the official forecasts that underpin the government's tax and spending plans, compounding the already big challenge facing finance minister Rachel Reeves in her November budget.

time to read

3 mins

September 22, 2025

Gulf Today

1,000 govt, private sector leaders to grace Dubai event

Under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Mohammed Bin Rashid Leaders Forum will open on Wednesday at the Dubai World Trade Centre (DWTC).

time to read

1 min

September 22, 2025

Gulf Today

Gulf Today

Group launches manufacturing hub to build over 150 industries

India's Rana Group has launched Erisha Smart Manufacturing Hub that will see the development of 150 large industries at Al Ghail Indudtrial Area in Ras Al Khaimah in the next five years.

time to read

2 mins

September 22, 2025

Gulf Today

UAE seeks to increase number of startups to over 2 million

Abdullah Bin Touq Al Marri, Minister of Economy and Tourism, affirmed that startups and entrepreneurs constitute a fundamental pillar in the UAE's economic growth journey, noting that the country aims to increase the number of companies to more than two million by 2031.

time to read

1 min

September 22, 2025

Gulf Today

Gulf Today

Amorim calls for Man.United to keep up their sense of urgency

Manchester United manager Ruben Amorim said his side must match the level of urgency they showed against Chelsea on Saturday if they are to keep on winning.

time to read

1 mins

September 22, 2025

Gulf Today

Peace with Lebanon and Syria 'possible'

Israeli Prime Minister Benjamin Netanyahu said on Sunday that Israel's war with Lebanese group Hizbollah had created the possibility for peace with neighbouring Lebanon and Syria.

time to read

1 min

September 22, 2025

Gulf Today

Council calls for unified global efforts to end wars

The Muslim Council of Elders called for unified international efforts to halt all conflicts and wars that have claimed tens of thousands of lives around the world.

time to read

1 mins

September 22, 2025

Gulf Today

Switzerland's Reusser powers to world time trial title

Marlen Reusser made a golden breakthrough on Sunday as she claimed the women’s time trial at the cycling World Championships in Kigali.

time to read

2 mins

September 22, 2025

Gulf Today

Gulf Today

ADTD wraps up roadshow in India

The Ajman Department of Tourism Development (ADTD) has concluded a five-day roadshow in India as part of its efforts to expand the emirate’s presence in international markets, particularly India, a key emerging tourism market.

time to read

1 min

September 22, 2025

Gulf Today

Gulf Today

Dubai Integrated Economic Zones Authority trade up 19% at Dhs336b

The Dubai Integrated Economic Zones Authority (DIEZ) achieved record growth in its total trade across the three economic zones in 2024, reaching a value of Dhs336 billion, a 19% increase compared to 2023. DIEZ also achieved a 13.7% share of Dubai's non-oil trade, its highest-ever contribution to date, sustaining growth for the fourth straight year.

time to read

3 mins

September 22, 2025

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