What Happened
First Steps In Budget Process For New Fiscal Year
The House Appropriations panel has advanced the first two spending bills for fiscal 2027, including the Financial Services-General Government and Military Construction-VA funding measures. Subcommittees also approved the Agriculture-FDA and National Security-State bills, marking the initial steps in the appropriations process. This development comes weeks after the Trump administration submitted its $2.2 trillion budget request to Congress, which calls for a significant increase in defense spending and reductions in nondefense agencies. The move was reported by Bloomberg Law News.