President Trump Has a Rare Chance to Cut the $1 Trillion Defense Budget: Which Stocks Are Most at Risk?
Last week, as you may have heard, President Trump expressed a desire to "cut our military budget in half," utilizing Musk and his merry band of Department of Government Efficiency (DOGE) price cutters to get the job done.
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.
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.
Senate approves $350 billion plan for Trump border and defense spending
The legislation starts Republicans’ budget reconciliation process but intensifies an intraparty feud with the House GOP.
Military.com2d
Republicans Advance Massive Defense Budget Boost as Pentagon Eyes 'Offsets'
A debate is brewing in Congress over the future of the defense budget as Republicans look to add up to $150 billion more to ...
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 ...
'Keir Starmer must set firm timetable for when he will increase defence spending'
President Trump is right that the UK, and our European allies, need to spend more on defence - but most importantly, the ...
Breaking Defense3d
House unveils budget plan with $100B boost for defense
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 ...
Defense News3d
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.
Defence spending will remain top priority for Poland, says finance minister
Defence will remain a top budget priority for Poland, Finance Minister Andrzej Domanski said on Friday, urging European Union ...
Why Keir Starmer may gamble on increasing Britain’s defence spending
Amid rising tensions around the world, the UK government faces pressure to increase defence spending. External threats and ...
Stars and Stripes2d
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 ...