Welcome to today's podcast! Let's dive into the key takeaways from the recently proposed budget from President Trump for fiscal 2026. This budget represents a significant shift in government spending priorities, with notable cuts to funding for disease research, education, and renewable energy. Meanwhile, it proposes large increases in military spending and immigration enforcement.

But should you be concerned? Not just yet. Remember, Congress holds the ultimate power to set spending levels, and negotiations will be key. As the article emphasizes, "Only Congress has the authority to set spending levels," and some Republicans are already expressing hesitations about Trump’s plans. Plus, with Democrats controlling enough Senate votes, they can block any budget that doesn’t align with their values.

It’s also crucial to understand that this proposal is just for one year, not the expansive “big, beautiful bill” that will address taxes and long-term spending changes.

So, brace yourselves as negotiations heat up before the current budget expires at the end of September! Thanks for tuning in, and don’t forget to check out "Today, Explained" for a lighter spin on interesting topics. See you next time!
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