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.
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.
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
Pentagon looks to offset $50B in spending for Trump priorities
The Pentagon plans to move some money around to pay for President Donald Trump's military priorities, including building an Iron Dome for America that would protect
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Data analytics company Palantir is a major US defense contractor. Its shares were up 65% this year before Wednesday.