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Home » Here’s the latest.

Here’s the latest.

May 2, 20252 Mins Read Business
Here’s the latest.
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President Trump on Friday plans to unveil his budget for the 2026 fiscal year, proposing billions of dollars in cuts targeting child care, education, health, housing and nutrition programs, including those that benefit the poor.

The blueprint is likely to showcase Mr. Trump’s conservative vision for Washington while formalizing his disruptive reorganization already underway, as he shutters entire offices and dismisses scores of federal workers without the explicit approval of Congress.

Here’s what else to know:

  • Safety net cuts: Mr. Trump is expected to slash some federal safety net programs, according to early budget documents reviewed last week by The New York Times. Those cuts include eliminating Head Start, which provides child care services to low-income families, and cutting billions of dollars in federal rental assistance.

  • Health program cutbacks: The administration has also explored a $40 billion cut to the Department of Health and Human Services, eliminating some programs that focus on health issues including autism, teen pregnancy, lead poisoning and opioid recovery, as well as support for rural hospitals, according to agency documents viewed recently by The Times.

  • Project 2025 echoes: Mr. Trump’s budget is likely to reflect a renewed push to cut programs he targeted in his first term, echoing many of the ideas laid out in Project 2025, the conservative blueprint prepared by the Heritage Foundation and some of the president’s advisers.

  • Unanswered questions: Mr. Trump’s proposal is expected to leave unanswered some of the most important questions facing Washington and its finances. The proposal is not expected to offer a detailed accounting of federal taxes or address the future federal benefit programs, including Social Security, Medicare and Medicaid, which make up a significant share of federal spending annually.

Donald J Elon Federal Aid (US) Federal Budget (US) Musk Politics and Government Poverty Russell T Trump United States United States Economy United States Politics and Government Vought
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