US President Donald Trump has publicly called for raising the 2027 US defense budget to US$1.5 trillion, a sharp increase of more than 50% from the current US$901 billion. In a social media post, ...

WASHINGTON — President Trump is asking Congress to hike annual military spending by 66% to build a “Dream Military” — while demanding that arms contractors cap CEO salaries and halt investor dividends ...

Some senior officials resisted the decision to approve the major military spending increase, people familiar with the matter said.

Lost in the news coming out of Greenland and Iran was President Trumps announcement earlier this month that his next defense budget request will total $1.5 trillion. If enacted, this would be the ...

President Donald Trump has sent defense stocks on a roller coaster ride in the last two days. Trump signed an EO banning dividend payments from defense firms. He also called for a huge increase in ...

President Donald Trump on Wednesday called for increasing next year's defense budget to $1.5 trillion, up from his prior proposal of $1 trillion, which a budget watchdog is warning would add trillions ...

January 18, 2026: The United States spends nearly a trillion dollars a year on defense and currently that’s about 3.5 percent of GDP. American political and military leaders want to modify the way the ...