Spokane city officials warned Thursday that a growing budget crisis could balloon into a $137 million shortfall by 2030 unless immediate corrective action is taken. The alarm was sounded during a City Council briefing, where budget analysts cited underperforming revenues and escalating expenses as the primary threats to fiscal stability.
President Donald Trump’s Fiscal Year 2026 budget proposal calls for $163 billion in sweeping cuts across the federal government, earning praise from House Republicans crafting this year’s appropriations bills. While not a finalized plan, the 46-page proposal reflects conservative priorities long championed by the GOP, including cuts to abortion providers, climate spending, and gender ideology programs.
Billionaire entrepreneur Elon Musk recently met with Republican senators on Capitol Hill to discuss formalizing budget reductions initiated by the Department of Government Efficiency (DOGE) into law.
The Social Security Administration (SSA) has announced more than $800 million in identified savings for fiscal year 2025, aiming to enhance efficiency and reduce bureaucratic stagnation.
Russell Vought was confirmed as the new director of the Office of Management and Budget (OMB) in a 53-47 Senate vote. Known for advocating conservative fiscal policies, Vought is tasked with managing looming fiscal challenges, including averting a government shutdown and addressing the debt ceiling. His confirmation reinforces the administration’s goal of reshaping federal spending through deep cuts, particularly in social programs like Medicaid, and pushing for expanded presidential control over budget decisions.
In a recent closed-door meeting, conservative members of the House of Representatives pressed for at least $2.5 trillion in federal spending reductions as part of President Donald Trump's proposed budget.
