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Up First from NPR

President Trump's 2026 Budget, Gloomy Economic Outlook, Secretary of State's New Role

Up First from NPR

NPR

Daily News, News

4.552.8K Ratings

🗓️ 3 May 2025

⏱️ 20 minutes

🧾️ Download transcript

Summary

President Trump proposes major cuts to several federal agencies in next year's budget, but he wants defense and border security spending to increase. The budget plan comes after the economy shrank during the first three months of this year. We'll have the latest on the state of the economy. Plus, Secretary of State Marco Rubio has added the title of national security adviser to his growing roster of roles. But will he have the bandwidth to do both jobs?

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Transcript

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0:00.0

President Trump proposes major cuts to federal spending.

0:06.2

Part of the White House's budget plan for next year.

0:09.1

But any spending will have to be approved by Congress.

0:12.1

I'm Ayesha Roscoe.

0:13.2

And I'm Scott Simon, and this is up first from NPR News.

0:18.2

The budget plan was announced after the economy's shrank during the first three months of this year.

0:24.1

But job figures announced this week were better than expected.

0:28.0

What do these mixed signals tell us about the state of the economy?

0:31.3

We'll have the latest.

0:32.4

And Secretary of State, Barka Rubio, has added a new role to his portfolio.

0:39.5

He's now the national security advisor after Mike Waltz was moved aside. How could one official holding two top posts

0:45.6

affect foreign policy? Please stay with us. We've got the news you need to start your weekend.

0:57.8

President Archer weekend. President Trump has issued his first budget proposal since returning to the White House.

1:02.9

He wants to slash spending for many federal agencies, but increase spending for defense

1:07.6

and border security. The president's spending plans are expected to run into

1:11.7

strong opposition in Congress, which will need to approve any budget. And Pierre's Daniel Kurtzleben

1:17.4

joins us. Danielle, thanks for being with us. Thank you, Scott. What do you see standing out in this budget?

1:23.1

Well, first off, it would make some big cuts to non-defense spending. It would cut those by nearly one quarter. Now, that is a big category. It includes education, transportation, scientific research. So it's a deep and broad swath of cuts. And then in turn, there are some big spending additions. Trump wants to boost defense spending by 13% to a trillion dollars per year. And not only that,

1:47.2

but he's proposing a 65% boost to Homeland Security spending, and that would go in part to mass

1:53.8

deportations and completing the border wall, his signature issues. I should add, though, that this is not a

1:59.1

full budget. It's an outline, and it doesn't

2:01.0

include mandatory spending. That's those big social safety net programs like Medicare and

...

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