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Here’s the Latest Update

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Last updated: May 2, 2025 2:58 pm
THE PRIME NEWS NETWORK
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Trump Administration Prepares Budget Cuts

The Trump administration, committed to reducing government spending, is set to unveil a budget proposal next week. This budget, which would take effect in 2026, includes drastic cuts that could eliminate some federal programs and weaken the nation’s social safety net.

Key cuts include:

  • Elimination of programs supporting child care, health research, education, housing assistance, and elderly care.
  • Reductions in funding for initiatives favored by Democrats and viewed as wasteful by Republicans.

The budget is a formal recommendation to Congress, which must ultimately adopt any changes. Early indications suggest the administration aims to formalize Trump’s disruptive reorganization of the federal government, which has already frozen billions in aid, shuttered programs, and dismissed thousands of workers.

The budget reflects Trump’s belief in the need to eliminate unnecessary or wasteful federal antipoverty programs. It also aligns with the ideas of his budget director, Russell T. Vought, who advocates for the president’s expansive powers to ignore Congress and cancel spending deemed "woke and weaponized."

The White House is expected to release the budget as soon as next week, along with a second measure cutting more than $9 billion in previously approved spending for the current fiscal year, including money for PBS and NPR.

The proposed cuts are likely to influence Republican lawmakers as they consider funding their economic agenda, which could cost trillions of dollars. Some cuts could exacerbate the federal deficit, with the White House aiming to reduce about $2.5 billion from the IRS budget to end the Biden administration’s "weaponization of I.R.S. enforcement."

The draft budget slashes many federal antipoverty programs, potentially reducing the number of programs and dollars serving low-income Americans. Prominent programs that could be eliminated include Head Start, which provides early education and child care for some of the nation’s poorest children.

The budget also proposes significant cuts to health research, with about $40 billion in proposed cuts to the Department of Health and Human Services. The National Institutes of Health would lose $8.8 billion, and the National Institute on Minority Health and Health Disparities would lose $534 million.

The budget would eliminate the Home Investment Partnerships Program and the $644 million housing block grant programs for Native Americans and Native Hawaiians. It would also cut funding for the Substance Abuse and Mental Health Services Administration’s overdose prevention funding.

The proposal includes substantial cuts to law enforcement agencies, such as the FBI, DEA, and ATF, which would scale back international counternarcotics efforts and eliminate diversity, equity, and inclusion programs at the bureau.

The budget draft calls for more than $16 billion in combined cuts for economic and disaster support for Europe, Eurasia, and Central Asia, as well as humanitarian and refugee assistance and U.S. Agency for International Development operations.

The administration emphasizes that all foreign assistance will be paused to ensure every tax dollar spent puts America First.

Reference : https://www.nytimes.com/live/2025/05/02/us/trump-budget-2026/heres-the-latest

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