The White House releases annual budget proposal: cuts domestic spending while significantly increasing the defense budget.

BlockBeats message, April 3, citing information on how the White House in the United States distributed it ahead of the release of its annual budget, the U.S. President Donald Trump will present on Friday a discretionary budget proposal that calls on Congress to significantly increase defense spending, while again reiterating his proposal to cut domestic program spending substantially.

The budget request is for $1.5 trillion in defense appropriations, a major increase over the $1 trillion proposed for fiscal year 2026. The new figures include $1.1 trillion in base budget authority for the Department of Defense, as well as an additional $350 billion in resources for the U.S. involvement in the war against Iran. Non-defense spending would be cut by 10%, to about $73 billion.

Trump is seeking a major increase in the defense budget, which would be the largest annual increase since World War II. It is expected that Republican lawmakers will not move forward with many of the cuts listed in the document, but increasing defense spending is more likely to gain support. The budget provides important guidance for the upcoming contest over funding and offers investors a window into how the White House views the national economic outlook. (Jin10)