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Wednesday, June 18, 2025

Trump’s finances proposal: The one factor to know proper now


This story appeared in The Logoff, a every day publication that helps you keep knowledgeable in regards to the Trump administration with out letting political information take over your life. Subscribe right here.

Welcome to The Logoff: The White Home proposed a fiscal 2026 finances at present that may radically alter the place the federal government spends cash — but it surely’s a proposal that’s an extended, great distance from turning into regulation.

What’s within the finances? Sharp cuts to funding for illness analysis, schooling, renewable vitality, the social security web, and different non-defense expenditures. Huge 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’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 finances they will’t stay with.

When does the present finances expire? Finish of September, so count on negotiations to warmth up round summer season’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 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: In case you’re up for a post-work podcast, Right now, Defined has an incredible episode about doomsday preppers and the individuals who get wealthy off of them. In case you’re serious about one thing lighter, right here’s a before-he-was-famous video from Saturday Evening Stay 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.



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