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, with an exception for border security, according to a new memo obtained by CNN.
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.
Pete Hegseth orders senior leaders to cut 8% from Defense budget
Defense Secretary Peter Hegseth has ordered senior military and civilian Pentagon officials to cut 8% from the defense budget over each of the next five years.
Cuts to staff, budget will boost military strength, Hegseth says
Hegseth promised to reinvest budget savings in other military programs and jettison civilian workers who are not living up to expectations.
Hegseth orders Defense Department to cut $50 billion from FY26 budget
Defense Secretary Pete Hegseth wants to "refocus the Department on its core mission of deterring and winning wars," according to a Department of Defense statement.
Wedbush: Defense Budget Cuts Will Help, Not Hurt Palantir Stock
U.S. defense stocks opened in the red on Thursday, Feb. 20 following reports that President Donald Trump’s administration has ordered the Pentagon to lower its budget by 8% annually over the next five years.
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Unlike the Senate — which opted for a two-bill strategy that starts with approving additional funds for defense, border security and energy — the House is pursuing what Trump has called “one beautiful ...
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The legislation starts Republicans’ budget reconciliation process but intensifies an intraparty feud with the House GOP.
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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.
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Defence spending will remain top priority for Poland, says finance minister
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Senate advances $150B in added military spending as Hegseth looks to shuffle money in Pentagon budget
The Senate on Friday forged ahead with plans to give the military an additional $150 billion in spending even as the Pentagon ...