← September 26, 2026 briefingPolitics
Trump cancels $1bn in congressionally approved funding
Trump has invoked a rare and legally contested executive power to cancel nearly $1 billion in spending that Congress had already approved, targeting immigrant services and diversity initiatives. The move sets up a direct confrontation with the legislature over the constitutional separation of powers, as midterm elections approach.
MarketBalance of Power: 2026 Midterms
2026 Balance of Power: D Senate, D House63% chance
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