Trump's latest budget proposal calls for massive cuts to scientific research, slashing funding for agencies like NASA and NIH by 20% compared to current levels. This recurring threat, if enacted, would reduce overall US science spending to $12 billion, jeopardizing long-term innovation in fields from climate modeling to cancer research. The proposal is 30% lighter than the runner-up in budget reductions among past administrations, targeting basic research disproportionately hard by a margin of 3-to-1 over defense programs. Also slower than the average fiscal response, this plan ignores bipartisan warnings that such cuts would cost 10,000 scientific jobs within a year. Unlike #9's immediate market impact, this budget faces an uphill battle in Congress, where similar proposals have historically failed by 85 votes on average.

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