WASHINGTON (Reuters) - U.S. President Donald Trump unveiled his budget proposal for the 2026 fiscal year on Friday, which would include increases in spending on defense and homeland security and a decrease in non-defense spending, according to a release by the White House Office of Management and Budget. The proposed budget would raise defense spending by 13 percent and homeland...

(Reuters) -The ranks of U.S. government workers fell for a fourth straight month in April with non-postal employment falling by 8,500 as President Donald Trump and adviser Elon Musk aim for drastic cuts in the federal workforce. With the latest reductions, reported on Friday in the monthly nonfarm payrolls report from the Bureau of Labor Statistics, federal government non-U.S. Postal...

(Reuters) -Federal Reserve policymakers on the alert for possible cracks in the labor market as businesses adjust to President Donald Trump's erratic trade policy got some reassurance on Friday that so far there's little weakness, and no reason to rush on rate cuts. U.S. employers added a more-than-expected 177,000 jobs in April, the Labor Department reported, and the unemployment rate...

bbuWASHINGTON (Reuters) - U.S. President Donald Trump's administration proposed a $163 billion cut to federal spending next year, which would eliminate more than a fifth of the non-military spending excluding mandatory programs, it said in a statement. The White House Office Management and Budget in a statement said the proposed budget would raise defense spending by 13% and homeland security...