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Welcome to The Logoff: The White Home proposed a fiscal 2026 finances 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, great distance from turning into regulation.
What’s within the finances? 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 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 finances proposal issues as a result of it should 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 finances they will’t reside with.
When does the present finances expire? Finish of September, so anticipate negotiations to warmth up round summer time’s finish.
Is that this Trump’s “huge, lovely invoice”? Nope. It is a proposal for a one-year finances. That invoice is a package deal of tax cuts, spending modifications, and different proposals that may prolong 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: When you’re up for a post-work podcast, At present, Defined has an amazing episode about doomsday preppers and the individuals who get wealthy off of them. When you’re all for one thing lighter, right here’s a before-he-was-famous video from Saturday Night time Stay 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.
