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.
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.
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.
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.
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.
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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 ...
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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 ...
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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 ...
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 ...
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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.
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 ...
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 ...