Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

UBS says its managed assets in the Asia-Pacific region recently surpassed US$1 trillion

September 11, 2025

Gold backs off record high before US inflation data

September 11, 2025

PLA’s Rocket Force probe, Nasa bars Chinese citizens with US visas: SCMP daily highlights

September 11, 2025
Facebook X (Twitter) Instagram
Thursday, September 11
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Donald Trump calls for $163bn in cuts to ‘woke’ and ‘wasteful’ federal spending
USA

Donald Trump calls for $163bn in cuts to ‘woke’ and ‘wasteful’ federal spending

adminBy adminMay 2, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 74


Unlock the White House Watch newsletter for free

Your guide to what Trump’s second term means for Washington, business and the world

Donald Trump has called for $163bn in cuts to federal spending in a sweeping budget proposal that guts programmes his administration deems “woke”, “wasteful” or “weaponised against ordinary working Americans”.

In a budget blueprint submitted to Congress on Friday, the US president pressed for non-defence spending to be slashed by 22.6 per cent to the lowest level since 2017 alongside a sharp increase in the defence budget.

Trump’s plan would slash billions of dollars previously spent on foreign aid, healthcare, education and the environment, codifying many of the cuts being implemented by the so-called Department of Government Efficiency.

Russ Vought, head of the Office of Management and Budget, said current expenditure was “contrary to the needs of ordinary working Americans and tilted toward funding niche non-governmental organisations and institutions of higher education committed to radical gender and climate ideologies antithetical to the American way of life”.

Trump’s budget wishlist comes as he intensifies his assault on the administrative state. Elon Musk, the world’s richest man, and Doge are leading the radical effort to shrink the size of the federal government.

The proposal outlines the president’s priorities for so-called discretionary spending, the portion of the federal budget set by appropriations bills in Congress each year. It does not include longer-term ‘mandatory’ spending such as Social Security, Medicare, and interest paid on the federal debt.

Foreign aid would be hit particularly hard under Trump’s proposal, with a $49bn cut in spending and the shuttering of USAID, which Doge has reduced to a skeleton operation.

The budget takes aim at what the administration dubbed the “globalist climate agenda”, cutting grants for renewable energy and electric vehicles.

It also slashes spending on the education department, which Trump has vowed to close. The plan takes an axe to funding for agencies including the National Institutes of Health, the Federal Emergency Management Agency and Internal Revenue Service, all of which he said have been “weaponised”.

Recommended

Alex Butterworth, the primary investor in Butterworth’s, a café restaurant in Washington’s Capitol Hill neighbourhood in Washington, D.C

Contrasting the spending cuts, the plan calls for an increase in government outlay on the military and border security as part of Trump’s pledge to clamp down on illegal immigration. The defence budget would rise 13 per cent, while homeland security would be allocated another 65 per cent.

Chuck Schumer, the leading Senate Democrat, described the budget as “heartless” and said his party would fight efforts by Republican lawmakers to embed it in legislation.

“As [Trump] guts healthcare, slashes education, and hollows out programmes families rely on — he’s bankrolling tax breaks for billionaires and big corporations,” Schumer wrote on X. “It’s not just fiscally irresponsible, it’s a betrayal of working people from a morally bankrupt president.”



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

USA

Why Intel investors have embraced an interventionist White House

August 28, 2025
USA

Trump’s attack on the Fed threatens US credibility

August 27, 2025
USA

The next stage of the Fed takeover

August 27, 2025
USA

Surging US electricity prices put Trump pledge in jeopardy

August 27, 2025
USA

EU moves to shield aluminium from Trump tariff blow

August 27, 2025
USA

Donald Trump’s battle against the Fed heads for courtroom showdown

August 26, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Gold price per tola falls Rs4,100 in Pakistan – Markets

September 11, 2025

Pakistani candymaker to set up subsidiary in Europe – Business & Finance

September 11, 2025

Chashma Sugar Mills completes amalgamation with subsidiary Ultimate Whole Foods – Business & Finance

September 11, 2025

Treet Battery partners with China’s Highstar to bring lithium-ion technology in Pakistan – Business & Finance

September 11, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • UBS says its managed assets in the Asia-Pacific region recently surpassed US$1 trillion
  • Gold backs off record high before US inflation data
  • PLA’s Rocket Force probe, Nasa bars Chinese citizens with US visas: SCMP daily highlights
  • Jim Cramer’s top 10 things to watch in the stock market Thursday
  • Chinese drug makers put on brave face after report says Trump mulling curbs on US licensing

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

UBS says its managed assets in the Asia-Pacific region recently surpassed US$1 trillion

September 11, 2025

Gold backs off record high before US inflation data

September 11, 2025

PLA’s Rocket Force probe, Nasa bars Chinese citizens with US visas: SCMP daily highlights

September 11, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.