President Trump is preparing to propose $163 billion in reductions to non-defense discretionary spending for the 2026 fiscal year in a “skinny budget” later on Friday. These reductions pertain to expenditures approved annually by Congress and do not impact safety net programs such as Medicare, Medicaid, and Social Security.
The cuts, which were initially reported by the Wall Street Journal, signify a 22.6% decrease in the projected spending for the current fiscal year. This information was confirmed by a White House Office of Management and Budget spokesperson who was not authorized to make public statements prior to the official release of the budget proposal.
The “skinny budget” is a concise summary of budget proposals often issued by presidents during their first term. It is typically followed by the complete budget documents, which detail all spending and revenue projections.
This is an evolving story and will be updated as more information becomes available.