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...
Membership on congressional committees that oversee defense spending and policy is beginning to take shape almost a month into the new session. Leadership has named new Republicans and Democrats to the House Armed Services and Appropriations Committees, while the Senate is still working through the ...