Trump proposes cutting $163bn in non-defense funds and boosting military

Education, health, climate and more on chopping block and 13% rise – to over $1tn to Pentagon – in ‘skinny budget’Donald Trump is proposing huge cuts to social programmes like health and education while planning substantial spending increases on defence and the Department of Homeland Security, in a White House budget blueprint that starkly illustrates his preoccupation with projecting military strength and deterring migration.Cuts of $163bn on discretionary non-defence spending would also see financial outlays slashed for environmental and renewable energy schemes, as well as for the FBI, an agency Trump has claimed was weaponised against him during Joe Biden’s presidency. Spending reductions are also being projected for the Drug Enforcement Administration and the Bureau of Alcohol, Tobacco, Firearms and Explosives. Continue reading...

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Russians face soaring bills as Kremlin drains economy to fund war says ex-banking chief

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