News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
Trump Reportedly Plans To Axe Non-Defense Discretionary Spending by US$163B; Military Budget Hikes 13% to Record US$1.01T
The White House plans to release its FY2026 budget proposal on Friday (2nd), local time. The Wall Street Journal, citing U.S. government officials, reported that President Donald T...
Reset
Send
The window will close in 5 seconds
Trump Reportedly Plans To Axe Non-Defense Discretionary Spending by US$163B; Military Budget Hikes 13% to Record US$1.01T
Close
Recommend
4
Positive
8
Negative
4
 
SHORT SELL
 
STOCK INFO

The White House plans to release its FY2026 budget proposal on Friday (2nd), local time. The Wall Street Journal, citing U.S. government officials, reported that President Donald Trump is foreseen to propose massive cuts in spending on federal environmental, renewable energy, education, and foreign aid programs, reducing non-defense discretionary spending by over USD160 billion.

The budget proposal sets non-defense discretionary spending at USD557 billion, a reduction of USD163 billion from prior levels, according to informed officials. The Trump administration stated that this represents a 22.6% cut compared to FY2025, which ended on September 30, though the calculation method for this percentage remains unclear.

Related NewsAPI Crude Oil Stock Change for Apr/25 in United States is 3.76M, higher than the previous value of -4.565M. The forecast was 0.39M.
Separately, defense spending, according to Bloomberg report, will hike 13% YoY to a record USD1.01 trillion, funding priorities such as the Golden Dome missile defense system, shipbuilding, nuclear modernization, border security, and a 3.8% military pay raise.

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.