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FortuneApr 16, 2026National News

Trump has no plan to cut the $39 trillion national debt, but he does want to cut child care. His budget director is scrambling to clarify

Representative Becca Balint asked whether high spending for the Iran war contributed to the high costs facing American families.

Trump has no plan to cut the $39 trillion national debt, but he does want to cut child care. His budget director is scrambling to clarify
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tl;dr

OMB Director Russell Vought defended President Trump’s FY 2027 budget proposal, which seeks a historic $1.5 trillion in defense spending funded by cuts to Medicaid, child care, and WIC. The hearing highlighted sharp partisan divides over military priorities versus social safety nets.

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