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↵↵As part of the reconciliation package, lawmakers approved $153.3 billion in funding for defense, bringing the defense budget to $1 trillion for the current fiscal year.
For fiscal 2026, these included roughly $1 billion the Army did not request to turn the Blue Grass Army Depot in Kentucky, whose previous missions have shrunk, into a factory for manufacturing propellants
Prior to the adoption of the recent reconciliation bill — H.R. 1, commonly called the "One Big Beautiful Bill Act" — the federal budget debt held by the public was expected to grow over the next decade
↵↵The potential for the military budget to meet or exceed $1 trillion in fiscal 2026 has defense hawks pleased, even if the authorized level does not meet the $924.7 billion that the Senate had endorsed
↵↵After finally bringing a 43-day partial government shutdown to an end, Senate leaders were eager to get going on long-delayed appropriations work for the fiscal year that began Oct. 1.
Construction-VA, Agriculture and Legislative Branch bills, comprising about $188 billion of the more than $1.6 trillion in discretionary spending likely to be approved for the fiscal year that begins Oct. 1.
This year, the Trump administration has touted its planned investments in national defense, which when including $113.3 billion packaged in the reconciliation bill that just cleared Congress, tops $1 trillion
Even a less expansive system, if it included space assets, could cost more than $1 trillion, leading experts said.
And so it was last month with House passage, by a vote of 215-214, of HR 1, "The One Big Beautiful Bill Act," with all the usual self-congratulatory huzzahs without a hint of awareness of the historical
The White House made official Friday that President Donald Trump wants the first ever $1 trillion defense budget.
President Donald Trump is proposing steep cuts to domestic and foreign aid spending for the fiscal year that begins Oct. 1 coupled with hefty increases for defense and border security, with the help of
Gluesenkamp Pérez jumped onto the political scene in 2022, when she won the district by fewer than 3,000 votes — less than 1 percentage point — in an upset against Trump-backed Republican Joe Kent.Â
They would need to find only $5 billion in savings over 10 years to meet the minimum requirement set in the budget — $1 billion each in five committees: Agriculture, Banking, Energy and Natural Resources
On the other hand, Senate committees would receive much lower targets to preserve maximum flexibility, similar to that chamber’s adopted budget in which some panels would have to secure as little as $1
Scalise during floor debate pointed to estimates that as many as 145 million households earning less than $1 million annually would see tax increases if the law isn’t extended.
Schumer, D-N.Y., expressing opposition to tax cuts for individuals earning over $1 billion.
The Senate Finance Committee, which has jurisdiction over Medicaid, would need to find savings to reduce the deficit by at least $1 billion. On Wednesday, Finance Chairman Michael D.
way Musk has implemented the rapid freezes and shutdowns at USAID but most of them defended his actions and didn’t join Democrats in their worries about executive branch usurpation of Congress’ Article 1
Later Monday, Trump said his administration was contemplating "25 percent" tariffs on products from Canada and Mexico, telling reporters he is considering applying those on Feb. 1.
Graham can skip a markup by bringing a fiscal 2025 budget blueprint straight to the floor, however, under a provision of the 1974 budget law that says any senator can trigger a budget vote after April 1