White House Eyes Deep Cuts In Non-Defense Spending, Boosts Military Budget | ZeroHedge
The Trump administration has unveiled an early discretionary spending request ahead of its formal FY2026 budget submission. The proposal aims to cut discretionary funding by $140 billion – roughly 0.5% of GDP, and significantly shift the balance between defense and non-defense spending.
According to Goldman Sachs' Alec Phillips, the proposal would reallocate $119 billion (0.4% of GDP) from non-defense agencies to defense and border-security-related activities. This (more…)