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.
Defense Secretary Hegseth working with DOGE to cut the 'BS'
Secretary of Defense Pete Hegseth released a video Thursday detailing oncoming Department of Government Efficiency (DOGE) cuts and restructuring that will take place within the Pentagon. On the date of filming, Hegseth said he met with DOGE and they are beginning their review.
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.
Pentagon Orders Budget Revamp to Redirect $50 Billion Toward Trump's Defense Priorities
WASHINGTON (Reuters) - 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.
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 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.'
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 ...
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 ...
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 ...
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 ...