Trump $2.2 Trillion Budget Pairs Defense Boost, Agency Cuts (2)

April 3, 2026, 7:45 PM UTC

President Donald Trump asked Congress to enact a $2.2 trillion budget for discretionary programs, seeking a massive increase in defense spending, while also renewing his push for steep cuts to domestic agencies.

The 2027 budget proposal released on Friday requests $1.5 trillion for defense, a significant increase over the $1 trillion sought for fiscal year 2026. The new figure includes $1.1 trillion in base discretionary spending for the Department of Defense and another $350 billion in mandatory spending. The Office of Management and Budget is also still reviewing a potential $200 billion Pentagon supplemental package for the current fiscal year ...

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

See Breaking News in Context

Providing news, analysis, data and opportunity insights.

Already a subscriber?

Log in to keep reading or access research tools and resources.