President Donald Trump of the United States has planned to unveil his budget proposal for the 2026 fiscal year on Friday and send it to Congress.
DAILY POST reports that the annual White House budget request includes economic forecasts as well as detailed proposals about how much money should be spent by every government agency for the year that starts on October 1.
DAILY POST reports that it is the responsibility of Congress to craft spending legislation, and what lawmakers ultimately adopt typically differs from the White House request.
This comes as Republicans in the US Congress are working to bridge internal divisions over proposed cuts in federal spending to pay for a landmark tax-cut bill they hope to enact by July 4.
Trump, who called the tax-cut measure a big beautiful bill, said this week that he would propose a military budget of over $1 trillion.
According to him, the tariffs he has slapped on nearly every country will help boost revenues and offset his plans to cut taxes.
On Thursday, the Wall Street Journal, citing administration officials, said that the proposed budget will also include over $160 billion worth of cuts in environmental, renewable energy, education and foreign-aid programs.
