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.
Pentagon orders budget revamp to reinvest $50 billion into Trump defense priorities
The review could set the stage for Defense Secretary Hegseth to follow through with goals to invest more in the Asia-Pacific and prioritize securing the U.S. border with Mexico, along with other reforms.
Hegseth orders $50 billion of defense budget redirected from Biden to Trump priorities
Defense Secretary Pete Hegseth said the funds will be pulled from 'so-called "climate change" and other woke programs.'
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.
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.
Palantir stock sinks after report Trump administration is eyeing large defense budget cuts
Palantir stock fell more than 5% Thursday, adding to its 10% drop the prior day, following a report the Trump administration is planning deep cuts to the defense budget.
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
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 ...
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 ...
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 ...
Dayton Daily News3d
Republicans advance plans to raise military spending by at least $100B amid concerns budget cuts could affect veterans
Republicans are moving closer to their goal of raising defense spending by at least $100 billion in the next decade as two budget resolutions paving the way for a massive bill that targets President ...
European defense stocks surge as investors bet Trump's Ukraine stance will push up military spending
Shares in London-listed BAE Systems soared 7% on Monday. Germany's Rheinmetall jumped 8%, while Italian and French defense ...
Senate begins marathon "vote-a-rama" on GOP budget plan
The president has endorsed the House GOP's one-bill approach while Senate Republicans want to separate his priorities into ...