The White House released its FY27 budget proposal on Friday, seeking $2.2 trillion for the federal government. The proposal calls for a 10% cut in non-defense spending compared to Fiscal Year 2026 non-defense levels, while requesting a 44% increase in defense spending to $1.5 trillion. The Whtie House has framed the domestic spending cuts as, “Reducing or eliminating woke, weaponized, and wasteful programs, and by returning State and local responsibilities to their respective governments.”
Among the domestic spending cuts are a reduction of 67% to the Small Business Administration, 26% cut to the Department of Labor (DOL), and a $15 billion cut to the Department of Health and Human Services. DOL would see new investments in workforce development to promote post-secondary education and training options, while cutting $1.6 billion from Job Corps. Argentum has worked successfully with Job Corps and other DOL programs like American Job Centers to promote careers in senior living.
The budget proposal is a first step in the annual appropriations process, where the administration typically releases an aspirational budget, which Congress uses to inform its own budgeting process ahead of a September 30 deadline. Argentum works closely with each of the committees and their leaders to advance our priorities through this process. The FY 2027 budget and appropriations process are separate from the budget reconciliation process, with one package currently aimed at Department of Homeland Security funding, and a potential third package planned for later in the year that could include other legislative priorities.