National debt interest and entitlement spending push FY2026 federal budget deficit toward $2 trillion

Federal spending on national debt interest, Social Security, Medicare and Medicaid drives the budget deficit $35 billion ...
FierceBiotech

Trump plans $18B NIH budget cut, wants 27 centers consolidated into 5

President Donald Trump’s proposed federal budget for 2026 slashes funds for the National Institutes of Health (NIH) by $17.97 billion. The 2026 blueprint was shared Friday (PDF) and allows the NIH to ...
Los Angeles Times

NIH budget cuts threaten the future of biomedical research — and the young scientists behind it

A proposed $18-billion cut to the NIH’s 2026 federal budget has frozen or terminated thousands of grants, sparking widespread alarm among researchers. Scientists warn the cuts could lead to a major ...
Los Angeles Times

No one can grasp trillions. Here’s how to make sense of federal spending and debt

I’m a finance professor at UCLA, so let’s talk finance. Which numbers are more meaningful to you? Having $50 to $100 cash in your pocket (rough average for an American) or knowing the total U.S.
University of California

Cuts to federal science spending will cost every American

America has long been the undisputed global leader in science and innovation, propelling our economy and improving everyday lives at home and abroad. But federal support for scientific research and ...
The New York Times

Trump Proposes Slashing Domestic Spending to the Lowest Level of the Modern Era

The president’s $1.7 trillion discretionary budget blueprint would cut $163 billion for the 2026 fiscal year, offering an outline of his vision for Washington and dramatically curtailing the role and ...
Forbes

National Park Service To Be Hit With 1,500 Additional Layoffs And Deep Budget Cuts, Reports Say

Suzanne Rowan Kelleher covers travel for Forbes. Roughly 1,500 National Park Service staffers are expected to be fired as Elon Musk's Department of Government Efficiency reportedly plans to slash $26 ...
The Conversation

Federal budget 2025: here’s what we know so far

The federal budget will be handed down by Treasurer Jim Chalmers at 7:30PM AEDT on Tuesday March 25. While the official budget papers are under lock and key until then, the government has been making ...
The Washington Post

Another winner from the new federal budget: Older Americans

C. Eugene Steuerle, a former Treasury official and co-founder of the Urban-Brookings Tax Policy Center, is the author of “Abandoned: How Republicans and Democrats Deserted The Working Class, The Young ...