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Welcome to The Logoff: The White Home proposed a fiscal 2026 funds at this time that will radically alter the place the federal government spends cash — however it’s a proposal that’s an extended, good distance from changing into legislation.
What’s within the funds? Sharp cuts to funding for illness analysis, schooling, renewable vitality, the social security internet, and different non-defense expenditures. Huge 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 funds 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 funds they will’t dwell with.
When does the present funds expire? Finish of September, so anticipate negotiations to warmth up round summer time’s finish.
Is that this Trump’s “large, lovely invoice”? Nope. This can be a proposal for a one-year funds. That invoice is a package deal of tax cuts, spending modifications, and different proposals that will prolong out for years. We anticipate to see extra congressional motion on that entrance later this month.
And with that, it’s time to sign off: If you happen to’re up for a post-work podcast, Right this moment, Defined has a terrific episode about doomsday preppers and the individuals who get wealthy off of them. If you happen to’re serious about one thing lighter, right here’s a before-he-was-famous video from Saturday Night time Reside 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.
