President Trump’s proposed $1.1 trillion FY18 budget calls for an increase of $52 billion for the Department of Defense (DoD) and $64 billion in cuts to other agencies. To finish out FY17, he also requested $25 billion for the DoD base budget and $18 billion in cuts to other agencies.
There is not much chance that this budget request will survive, in large part because Congressional Democrats will not vote for any budget that increases defense spending without also increasing non-defense spending, let alone cutting non-defense budgets. The federal government is working off of a continuing resolution right now, which expires on April 30. If Trump’s FY17 request is not approved, this could mean a shutdown in six weeks.
In January, First Command Financial Services, Inc. surveyed military families* about the possibility of a government shutdown. At that time, more than 78 percent of those surveyed were confident that Congress would avoid a shutdown. However, 66 percent were anxious about the possibility. General population respondents were a little less confident (60 percent) with 52 percent anxious about the possibility.
*Commissioned officers and senior NCOs in pay grades E-5 and above with household incomes of at least $50,000 surveyed via the First Command Financial Behaviors Index®.