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Welcome to The Logoff: The White Home proposed a fiscal 2026 funds in the present day that may radically alter the place the federal government spends cash — but it surely’s a proposal that’s a protracted, good distance from turning into regulation.
What’s within the funds? Sharp cuts to funding for illness analysis, schooling, renewable vitality, 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 funds 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 funds they will’t reside with.
When does the present funds expire? Finish of September, so count on negotiations to warmth up round summer time’s finish.
Is that this Trump’s “large, stunning invoice”? Nope. It is a proposal for a one-year funds. That invoice is a bundle of tax cuts, spending modifications, and different proposals that may 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 sign off: Should you’re up for a post-work podcast, At the moment, Defined has an important episode about doomsday preppers and the individuals who get wealthy off of them. Should you’re eager 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.
