Hegseth orders $50 billion of defense budget redirected from Biden to Trump priorities
Get all the news you need in your inbox each morning. More: Will Trump’s ‘Iron Dome’ missile defense make Americans safer? It’s complicated Redirecting the funds would "refocus the Department on its core mission of deterring and winning wars,
Hegseth wants Pentagon to cut 8% from defense budget for each of the next 5 years
Defense Secretary Pete Hegseth has told the Pentagon to find $50 billion in programs to cut this year, to redirect funds to President Trump's priorities.
Meaningful Pentagon Cuts Will Require Rethinking What 'Defense' Means
In 2023, according to the Stockholm International Peace Research Institute, the U.S. government spent $916 billion on "defense," which was more than the
White House eyes 8% cut to defense budget to boost Trump priorities
The move could reduce defense spending projections by hundreds of billions of dollars over the next five years.
Hegseth directs Pentagon to find $50 billion in cuts this year to fund Trump military priorities
Defense Secretary Pete Hegseth has directed the military services to identify $50 billion in programs that could be cut next year in order to redirect those savings to fund President Donald Trump’s pr
Pentagon Orders Budget Revamp to Redirect $50 Billion Toward Trump's Defense Priorities
The Pentagon said on Wednesday it was directing the military to draw up a list of potential cuts totaling about $50 billion from the upcoming budget for fiscal year 2026 to be redirected into President Donald Trump's priorities for national defense.
Defense secretary orders military to prepare for major budget cuts
Defense Secretary Pete Hegseth has ordered the military to prepare plans to make drastic budget cuts over the next five years ...
NATO chief engaging with member countries ‘actively and intensely’ over defence spending
NATO Secretary General Mark Rutte said on Thursday he was "actively and intensely" engaging with members of the Alliance to ...
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Some lawmakers decry push for sweeping cuts to DOD budget, others see opportunity to reallocate funds
Some lawmakers are decrying the call from the Trump administration for sweeping cuts to the defense budget, while others see ...
Pete Hegseth orders defense leadership to draw up plans for huge budget cuts as DOGE enters the Pentagon: report
Hegseth, 44, demanded a proposal that would include annual 8% cuts to the Pentagon’s roughly $850 billion budget, according ...
NATO secretary general says European countries have to do 'much, much more' to increase defense spending
NATO Secretary General Mark Rutte weighs in on talks to end Russia's war in Ukraine and the future of the military alliance ...
Europe stocks end at record high with defence spending spike in focus
European shares closed at a record high on Tuesday, with banking and defence stocks among top gainers as investors priced in ...
Palantir (PLTR) Sinks as the Pentagon Prepares to Slash the Defense Budget
Palantir’s (PLTR) share price plummeted by as much as 12.5% on Wednesday after a report by The Washington Post said that the ...
How will Keir Starmer pay for greater defence spending?
Keir Starmer has attempted to curry favour with President Trump ahead of a trip to Washington next week by promising to ...
Denmark announces plans to bolster its defense spending and raise it above 3% of GDP
The Danish government has announced plans to bolster its military by setting up a 50 billion-kroner ($7 billion) fund that it ...