Donald Trump Budget and Fiscal Policy

President Trump's FY2027 budget seeks roughly $1.5 trillion for defense — a roughly 42% increase achieved via a two-track approach (about $1.1-$1.2 trillion in base discretionary funding plus roughly $350 billion in mandatory/reconciliation measures) to pay for troop raises, shipbuilding, munitions replenishment, a $3B Tomahawk buy, a space-based "Golden Dome" missile-defense push and new platforms like an F-47 — while proposing roughly 10% cuts to nondefense discretionary programs (including NIH, NASA, State Department and refugee services), TSA privatization, and a $152 million start on reopening Alcatraz, even as OMB has not yet published standard debt and deficit tables. Separately, the White House is preparing an $80-$100 billion supplemental request for the Iran war to replenish munitions and cover near-term costs (the first week of the war cost about $11.3 billion), a package that has won praise from GOP defense hawks but faces Democratic vows of opposition and some GOP procedural and fiscal qualms.