Federal Contract Spending Set to Hit Record

“Federal procurement spending is projected to cross the $1 trillion threshold for the first time, driven by President Donald Trump’s focus on national security and immigration enforcement, according to a Bloomberg Government analysis,” Bloomberg Government reports.

“The record spending via federal contracts in fiscal 2026 reflects the steep cost of the administration’s priorities, and stands out after the now-dormant Department of Government Efficiency sought to slash government programs after Trump returned to office.”