United States President Donald Trump has announced a major new legislative initiative focused on reducing federal spending by more than $1 trillion. In a post on Truth Social, Trump revealed that the proposed cuts would be consolidated into what he described as “one big, beautiful bill.”

The president said the effort follows a recent meeting with House Speaker Mike Johnson and other prominent conservative lawmakers. According to Trump, the discussions centered around achieving significant fiscal restraint as part of his broader economic agenda. He expressed confidence that the resulting bill will garner strong support in Congress.

“We’re going to do something historic,” Trump wrote. “This one, big, beautiful bill will reduce our spending by over a trillion dollars, and it will be a major victory for the American people.”

Trump called on both the House and Senate to move quickly on the proposal, noting that members of both chambers appear to be on board. “I expect they’ll be pushing very hard,” he said, signaling momentum behind the plan among Republican lawmakers.

Though specific details of the cuts have not yet been released, Trump’s announcement sets the stage for a significant fiscal policy debate in Washington. The legislation is expected to target a wide range of federal programs and discretionary spending, aligning with Trump’s long-standing goal of reducing government size and promoting economic efficiency.

In previous statements, the president has emphasized the importance of curbing national debt and redirecting funds toward what he deems more productive areas. This latest proposal aims to codify those priorities into comprehensive legislation that could reshape the federal budget framework for years to come.

As Congress prepares to take up the bill, observers will be watching closely to see how the proposed cuts are structured and whether bipartisan support can be secured—or if the measure will deepen existing partisan divides over fiscal policy. For now, Trump’s message is clear: he wants swift action on what he believes will be a landmark achievement in conservative governance.