U.S. President Donald Trump is set to unveil his fiscal year 2026 budget this Friday, according to a report by Axios on Thursday. The budget will be sent to Capitol Hill for consideration.
The White House’s annual budget request contains detailed proposals outlining the funding allocations for every government agency for the upcoming fiscal year, which commences on October 1.
Despite the White House’s detailed proposals, the responsibility of drafting spending legislation ultimately lies with Congress. Historically, the final legislation often varies considerably from the initial White House request.
As of now, the White House has not made any comment on the upcoming budget release.
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