President Donald Trump on Friday signed into law a massive budget reconciliation bill that includes $150 billion in additional funding for the Department of Defense and trillions of dollars in tax and spending cuts.
CBS News reported that the move came a day after the House voted 218-214 to pass the Trump administration-backed measure, also known as the “One Big Beautiful Bill.”
The Senate approved the bill on Tuesday in a 51-50 vote, with Vice President JD Vance breaking a tie.
In late June, senior Department of Defense officials and military leaders released DOD’s proposed $961.6 billion fiscal year 2026 budget, which includes $113.3 billion in mandatory funding through congressional reconciliation. According to a senior DOD official, the mandatory reconciliation funding would support shipbuilding, munitions production, missile defense and other Trump administration priorities.
One Big Beautiful Bill’s Provisions
The law includes funding for the Golden Dome missile defense system and modernization of the U.S. military.
The measure will allocate $12.5 billion in funding to modernize the country’s air traffic control system and permanently increase the child tax credit for more than 40 million families.
Other provisions in the bill are expanding domestic oil and gas production capacity; completing the border wall and hiring thousands of Immigration and Customs Enforcement and Border Patrol agents; reducing $1.5 trillion in spending; creating Trump Accounts for every American newborn; and implementing a tax deduction on Made in America auto loan interest.
