President Trump is preparing to propose $163 billion in reductions to non-defense discretionary spending for the 2026 fiscal year, according to an announcement expected later on Friday. These reductions pertain to spending authorized annually by Congress and do not include programs like Medicare, Medicaid, and Social Security.
The proposed cuts, initially reported by the Wall Street Journal, signify a 22.6% decrease in projected spending for the current fiscal year. This information was verified by a spokesperson from the White House Office of Management and Budget, who declined to speak publicly before the budget proposal’s release.
The "skinny budget" is a preliminary summary of budget proposals that presidents often issue in their first term, typically followed by comprehensive budget books detailing all spending and revenue forecasts.
This article is part of an ongoing story and will be updated as more information becomes available.
