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Welcome to The Logoff: The White Home proposed a fiscal 2026 price range at the moment that will radically alter the place the federal government spends cash — but it surely’s a proposal that’s an extended, good distance from changing into legislation.
What’s within the price range? Sharp cuts to funding for illness analysis, schooling, renewable power, the social security internet, and different non-defense expenditures. Large spending will increase for the army, for the border, and for immigration enforcement.
I don’t like that. Ought to I freak out? Not but. Solely Congress has the authority to set spending ranges, which would be the product of lengthy negotiations between the 2 events earlier than they ship a deal to the White Home for Donald Trump’s signature. The administration’s price range proposal issues as a result of it’s going to affect congressional Republicans as they negotiate, however some Republicans are already balking at Trump’s proposal, and Democrats have sufficient Senate votes to dam a price range they will’t dwell with.
When does the present price range expire? Finish of September, so count on negotiations to warmth up round summer time’s finish.
Is that this Trump’s “massive, lovely invoice”? Nope. This can be a proposal for a one-year price range. That invoice is a bundle of tax cuts, spending adjustments, and different proposals that will lengthen out for years. We count on to see extra congressional motion on that entrance later this month.
And with that, it’s time to log out: For those who’re up for a post-work podcast, As we speak, Defined has an awesome episode about doomsday preppers and the individuals who get wealthy off of them. For those who’re inquisitive about one thing lighter, right here’s a before-he-was-famous video from Saturday Night time Dwell forged member James Austin Johnson. It’s been 5 years, and I nonetheless can’t cease laughing at his impression of Trump weighing in on Scooby Doo. Thanks a lot for studying. See you again right here Monday.
