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Welcome to The Logoff: The White Home proposed a fiscal 2026 price range at present that may radically alter the place the federal government spends cash — however it’s a proposal that’s an extended, good distance from turning into regulation.
What’s within the price range? Sharp cuts to funding for illness analysis, training, renewable power, the social security web, and different non-defense expenditures. Massive spending will increase for the navy, 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’ll 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’ll’t reside with.
When does the present price range expire? Finish of September, so anticipate negotiations to warmth up round summer season’s finish.
Is that this Trump’s “huge, stunning invoice”? Nope. This can be a proposal for a one-year price range. That invoice is a package deal of tax cuts, spending adjustments, and different proposals that may lengthen out for years. We anticipate to see extra congressional motion on that entrance later this month.
And with that, it’s time to log out: Should you’re up for a post-work podcast, Right now, Defined has a fantastic episode about doomsday preppers and the individuals who get wealthy off of them. Should you’re excited about one thing lighter, right here’s a before-he-was-famous video from Saturday Evening Dwell solid 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.
