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Trump’s FY2026 budget proposal would essentially hold spending flat but with huge changes in how it’s divvied up between defense and non-defense discretionary spending.

Trump’s budget plan falls flat on the Hill

Our view on presidential budgets is that no matter who is in the White House, they’re of very limited use. These are political documents that end up being used as cudgels against the president’s own party.

Yet with Republicans controlling all of Washington, President Donald Trump’s FY2026 spending blueprint matters. The spending levels and programmatic priorities will help shape how Republican appropriators craft government funding bills ahead of the Sept. 30 deadline.

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Presented by Apollo Global Management

America’s economic growth requires bold investment. Apollo is investing in American companies to help them hire, grow and build for the road ahead. Learn more.

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by Apollo Global Management

America’s economic growth requires bold investment. Apollo is investing in American companies to help them hire, grow and build for the road ahead. Learn more.