WORLD: Budget

July 24, 2026
House Unveils $60B Reconciliation Bill By Greg Hadley House lawmakers unveiled a new funding bill July 15 that provides $60 billion for defense—$290 billion less than what the President’s budget requested. The bill leaves President Trump’s plans for a $1.5...
House lawmakers unveiled a new reconciliation package July 15 with $60 billion for defense, $290 billion less than the Pentagon has been seeking, a day after a Senate vote to advance the annual defense policy bill failed—developments that show the perilous state of the Pentagon’s ...