Payam Javan: President Donald Trump will unveil a 2026 budget blueprint on Friday, proposing a $163 billion reduction in federal nondefense discretionary spending, a 22.6% cut from 2025 levels, according to a White House official. The plan, first reported by The Wall Street Journal, targets programs like renewable energy, education, and foreign aid, reducing nondefense spending to $557 billion while sparing defense, Medicare, Medicaid, and Social Security.

The “skinny budget,” set for release at 11 a.m. EDT, outlines fiscal priorities for the year starting October 1, 2026. Although symbolic, it significantly reduces funding for agencies such as the Environmental Protection Agency, Energy Department, and Department of Housing and Urban Development, reflecting Trump’s focus on reshaping federal spending.