The President's budget proposal -- expected to total $2.7 trillion -- is released today, and OMB Watch will have a preliminary statement completed later in the day. The President's budget will provide big increases in military spending and homeland security, but will do so by cutting many other domestic programs and trimming $36 billion from Medicare over the next five years. A handful of programs are, however, marked for funding increases in the president's proposal. According to budget documents, the president will request $6 billion for the National Science Foundation for FY 2007 (an increase of 7.8 percent over FY 2006) and $4.1 billion for the science office at the Energy Department (an increase of 14 percent). Agencies like the Center for Disease Control and the National Cancer Institute, however, are slated for cuts. For more information on the President's budget, see these articles: NY Times: Bush's Budget Plan, Shifting Priorities Washington Post: Bush to Send Congress $2.7 Trillion Budget