S. 360 aims to reduce nonsecurity discretionary spending by a specific percentage over multiple fiscal years. For fiscal year 2026, it mandates a 1% reduction, for 2027 a 2% reduction, and for 2028 and beyond, a 5% reduction. The bill requires these reductions to be applied...
Simple Explanation
S. 360 is a plan to save money by spending a little less each year on things that aren't related to security. Starting in 2026, everyone who gets this money has to spend 1% less, then 2% less in 2027, and from 2028, they need to spend 5% less to help balance the budget.