BGOV OnPoint: Trump Proposes Deep Budget Cuts for Fiscal 2026

May 2, 2025, 5:51 PM UTC

President Donald Trump proposed aggressively slashing federal spending in his fiscal 2026 budget request, seeking to codify his administration’s efforts to shrink the size of government.

The request calls on Congress to reduce nondefense discretionary spending by 17% through an array of cuts to most agencies and by eliminating dozens of programs. It was delivered several months behind schedule, as is typical with new administrations.

Download the BGOV OnPoint: Trump’s Fiscal 2026 Budget Request

The proposal also calls for a 13% increase to national security spending, portions of which would be enacted through the GOP’s tax-focused reconciliation package. The ...

Learn more about Bloomberg Government or Log In to keep reading:

Learn About Bloomberg Government

Providing news, analysis, data and opportunity insights.

Already a subscriber?

Log in to keep reading or access research tools.