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Trump's budget to slash $163 billion in domestic spending, boost defense
The Morning Standard
|May 03, 2025
Expected to cut funding across departments, including health, education, FBI, diversity initiatives
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PRESIDENT Donald Trump's 2026 budget plan would slash non-defense domestic spending by $163 billion while increasing expenditures on national security, according to White House statements Friday.
The plan shows a desire to crack down on diversity programs and initiatives to address climate change. But it doesn't include details about what Trump wants on income taxes, tariffs, entitlement programs, or the budget deficit—a sign of the challenge confronting the president when he's promising to cut taxes and repay the federal debt without doing major damage to economic growth.
Budgets do not become law but serve as a touchstone for the upcoming fiscal year debates. Often considered a statement of values, this first budget since Trump's return to the White House carries the added weight of defining the Republican president's second-term pursuits, alongside his party in Congress.
Dit verhaal komt uit de May 03, 2025-editie van The Morning Standard.
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