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Trump's 2027 budget asks Congress for $1.5 trillion in defense spending via Home - CBSNews.com — President Trump's new budget proposal asks Congress for $1.5 trillion in defense spending — a 42% increase — while cutting nondefense spending by $73 billion, or 10%.

Trump's 2027 budget requests $1.5 trillion for defense, a 42% increase, and proposes $73 billion in nondefense spending cuts.

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The European Parliament criticizes the €2 trillion Multiannual Financial Framework for its vague details and inadequate budget increases, raising concerns about oversight and fund merging. MEPs may refuse to negotiate further.

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Senate Republicans Propose $9.4 Billion in Spending Cuts Targeting Public Media and Foreign Aid | AI News Brew Senate Republicans are poised to vote this week on a controversial $9.4 billion spending cut package proposed by President Trump, targeting critical public media and foreign aid programs [1][12]. The

Senate Republicans Propose $9.4 Billion in Spending Cuts Targeting Public Media and Foreign Aid
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The EU's upcoming budget proposal could cut health funding, notably for EU4Health. Lawmakers emphasize the importance of a dedicated health budget to support initiatives, with clarity expected for financing from 2028 to 2034.

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The Trump Administration's FY26 "skinny" #BudgetProposal would drastically cut funding for U.S. #GlobalHealth programs. GHC urges Congress to reject this shortsighted proposal and affirm the United States’ role as a trusted, ethical, & effective leader on the global stage: ow.ly/ynhr50W45re

As if the #SchoolBudget wasn’t enough already…

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Thai PM to propose $115 billion budget to parliament to support lacklustre economy BANGKOK (Reuters) -Thai Prime Minister Paetongtarn Shinawatra will on Wednesday propose a 3.78 trillion baht ($115.5 billion) budget to parliament for the 2026 fiscal year, as her government seeks to support a sluggish economy facing steep U.S. tariffs. The draft budget bill, which will be debated in the house over the next four days, projects a 0.7% rise in spending, and a 0.7% drop in the budget deficit to 860 billion baht, or 4.3% of gross domestic product, from the 2025 fiscal year that ends in September. "A deficit budget policy is aimed at maintaining economic stability, including supporting a recovery and promoting growth at an appropriate level," the bill said. The budget plan projects growth at 2.3% to 3.3% for both 2025 and 2026, with inflation predicted at 0.5% to 1.5%. The economy expanded 2.5% last year, lagging regional peers. The plan did not take into account the potential impact of U.S. tariffs. Thailand faces a 36% U.S. tariff if a reduction cannot be negotiated before a moratorium expires in July. The United States, Thailand’s biggest export market, has set a 10% baseline tariff for most countries while the moratorium is in place. Parliament will deliberate on the bill in the remainder of this week before it is put to a vote on Saturday, which will require support from the majority of lawmakers present. The budget is expected to pass, but comes amid tensions in the Pheu Thai Party-led coalition, particularly with its biggest partner, the Bhumjaithai Party. Disagreements have surfaced over the government’s casino bill, which aims to legalise casinos within integrated complexes to boost tourism. Rifts over constitutional reform and policy on the use and sale of cannabis, which was decriminalised in 2022 but is now facing tighter restrictions, have also strained the alliance. If the budget does not pass, Paetongtarn, who came to power last year, could either step down and make way for a new premier elected by parliament, or dissolve the lower house and call a new general election. Southeast Asia’s second-largest economy expanded an annual 3.1% in the first quarter, but the state planning agency last week slashed its full-year growth forecast range by a percentage point to 1.3% to 2.3% because of the U.S. tariffs. ($1 = 32.740 baht)

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My capstone project for the Performing Arts Essentials course is finished! Feels so good to put it out into the universe 🎉

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Michigan Senate budget backs mandatory $10 recreation passports Lansing — The Michigan Senate approved a budget plan Wednesday that featured about $84 million in new revenue from proposed increases in fees on hunting, fishing and boating and from making $10 recreation passports a mandatory part of registering a vehicle. The new dollars were featured in the Democratic-controlled Senate's $636 million budget bill for the Department of Natural Resources for the fiscal year that begins on Oct. 1. Separate bills to enact the policy changes would have to be approved by the Republican-led House and Democratic-controlled Senate and signed by Democratic Gov. Gretchen Whitmer for the fee hikes and recreation passport policies to become law. However, the changes' inclusion in the budget proposal was a sign of the Senate's interest in them. And some of the measures have the backing of both Sen. John Cherry, D-Flint, who leads the Senate's Appropriations Subcommittee on Agriculture and Natural Resources, and Sen. Jon Bumstead, R-North Muskegon, the top Republican on the Appropriations Committee. In an interview Wednesday, Cherry said there was a national trend in the number of hunting and fishing licenses being purchased going downward over the years. "When you have that downward trend, a shrinking revenue source, at the same time the cost of fish food and infrastructure is going up, it's a challenging situation," Cherry said. Cherry said he and Bumstead spent about three months developing their plan to find additional funding for the Department of Natural Resources. He called the proposal a "pretty good initial product" that will be refined as it moves through the legislative process. The natural resources budget bill passed the Senate in a vote of 19-16. Bumstead voted in support with 18 Democrats. The other Republicans in attendance, including Sen. Lana Theis, R-Brighton, voted no. "Government shouldn't keep squeezing hardworking Michigan families," Theis said of the proposed fee increases before the vote. The Michigan Senate Republicans' X account labeled the fee increases a "summer tax." "They voted to hike your car registration by another $10 and increase the cost of hunting, fishing and boating licenses," the Senate Republicans wrote of their Democratic counterparts. Currently, Michigan residents have the option of purchasing a $14 recreation passport when they renew their vehicle license plate registration. The passport allows them to get into state parks and avoid admission costs. Whitmer had proposed changing the recreation passport program from the current opt-in offering to an opt-out. The governor's team said the recommended opt-out change would spur $17.2 million in additional revenue. About 36% of Michigan vehicle owners currently choose to pay for the recreation passport, according to the governor's office. The Senate took a different route, proposing to decrease the recreation passport fee to $10 and requiring all vehicle owners to pay it. The Senate plan would produce about $43.5 million in additional revenue, according to the nonpartisan Senate Fiscal Agency. "Parks are a public good," Cherry argued. "And everybody is getting value from them. Quite frankly, we want to incentivize people to use them more." Cherry and Bumstead introduced policy bills on May 1 to implement the recreation passport changes. They haven't yet had a committee hearing in the Senate. Likewise, they also introduced policy bills on the hunting and fishing license changes. The proposals would generate $28.8 million in revenue next year, according to the Senate Fiscal Agency. According to the bills, a combination hunting and fishing license for a Michigan resident would rise from $75 to $100, and the fee for a Michigan resident all-species fishing license would increase from $25 to $30. A 24-hour fishing license for a Michigan resident would go from $10 to $15. The license prices would also be tied to the rate of inflation going forward. And the bill would allow for a $5 general surcharge on licenses. A May 2 statement on the bills from the Michigan United Conservation Clubs said the organization "supports long-term, sustainable funding solutions for the Department of Natural Resources that ensure the continued protection and enhancement of our natural resources, fish and wildlife populations and access to outdoor recreation." The Senate Democrats included in their budget an $11.9 million boost in revenue from a "boating fee increase," according to the Senate Fiscal Agency. Cherry said the details of that boating proposal were still being worked out. cmauger@detroitnews.com This article originally appeared on The Detroit News: Michigan Senate budget backs mandatory $10 recreation passports

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Republicans on the Joint Finance Committee rejected nearly all of Gov. Tony Evers’ budget proposal...

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Global Health Council urges Congress to reject this shortsighted #BudgetProposal and to once again affirm the United States’ role as a trusted, ethical, and effective leader on the global stage. Read our full statement: ow.ly/sKQk50VMigV

Trump’s 2026 budget proposal: Crippling cuts for science across the board https://arstechni.ca #trumpadministration #budgetproposal #sciencefunding #interior #Science #budget #NOAA #DOE #NIH #NSF

Trump’s 2026 budget proposal plans billions in cuts, New York Times reports (Reuters) -President Donald Trump’s administration aims to cut billions of dollars from programs that support child care, health research, education and housing in its fiscal 2026 budget proposal, the New York Times (NYSE:NYT) reported on Friday. The plan would also hit community development and housing assistance and is being finalized by the White House’s Office of Management and Budget, according to the report, which cited preliminary documents. An OMB spokesperson said: "No final funding decisions have been made." The White House will release the budget as soon as next week, the New York Times cited two people familiar with the matter as saying. A second measure that will slash more than $9 billion in previously approved spending for the current fiscal year, including funds for media outlets PBS and NPR, is also set to be released next week, the report added. Earlier this year, Congress passed a broad Republican budget plan for the 2025 fiscal year that had few details yet aimed to cut billions in spending and extend tax cuts that will otherwise expire.

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Budget 2025-26: Assocham seeks further ease of doing biz, credit flow for MSMEs - Yes Punjab News Assocham urges the government to focus on easing business operations for MSMEs in Budget 2025-26. Proposals include integrated infrastructure townships, skill development, credit flow enhancement, and...

Budget 2025-26: Assocham seeks further ease of doing biz, credit flow for MSMEs
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