Trump Sends Shockwave Through Defense Stocks, Says Military Spending Could Be Halved
President Donald Trump suggested Thursday that U.S. military spending could be cut in half. Shares of defense firms dropped on the news. Selling continued on Friday. “We’re going to spend a lot less money,
Trump Suggests U.S. Could Cut Military Spending in Half Sending Defense Stocks Falling
Defense stocks declined sharply Thursday after former President Donald Trump suggested the U.S. could cut defense spending in half. Trump said he plans to meet with Chinese President Xi Jinping and Russian President Vladimir Putin to discuss reducing military budgets once global tensions ease.
Trump defends Musk and says Doge will look at military spending
Trump said Musk's unofficial Department of Government Efficiency (Doge) would soon examine spending in the military and the Department of Education, possibly in the next "24 hours". "Let's check the military," he said. "We're going to find billions, hundreds of billions of dollars of fraud and abuse, and the people elected me on that."
Trump wants to halve US defense spending and let Russia back into G7 after call with Putin
A decade after Russia was expelled from the Group of Eight for invading and illegally annexing Ukraine ’s Crimean Peninsula, President Donald Trump says he wants to reverse the decision and permit Russia to rejoin the group of the world’s major industrialized democracies, while also slashing America’s defense budget by 50 percent.
Trump's government efficiency drive turns attention to defense spending
U.S. President Donald Trump turned his sights on defense spending, saying his government efficiency tzar, Elon Musk, would cut billions lost to waste and fraud from the Pentagon's $850 billion budget.
Trump Floats Deal With Russia, China to Cut Defense Spending
President Donald Trump floated the idea of a three-way meeting with the leaders of Russia and China in which the countries would agree to cut defense spending in half.
Trump wants U.S., China and Russia to cut military spending in half
President Trump said Wednesday he's going to meet with Chinese President Xi Jinping and Russian President Vladimir Putin to discuss slicing all three countries' military budgets in half. The big picture: Trump is looking to convince the U.
Donald Trump proposes halving US, China & Russia military budgets
US President Donald Trump expressed his desire to hold talks with Russia and China to reduce military spending, with a potential summit involving leaders Vladimir Putin and Xi Jinping. Watch this report for more details!
Stars and Stripes9h
Republicans advance plans to raise military spending by at least $100B amid concerns budget cuts could affect veterans
Republicans are moving closer to their goal of raising defense spending by at least $100 billion in the next decade as two ...
How DOGE Could Impact Pentagon Spending
The Pentagon is reportedly preparing lists of weapons programs it wants to cancel to coincide with Elon Musk's potential cuts ...
Where US adults think the government is spending too much, according to AP-NORC polling
The perpetual challenge for lawmakers is that although U.S. adults mostly think the government isn't spending enough on key ...
24/7 Wall St.2d
The US Military Budget and the President Who Grew It by 39%
The US military budget is the largest in the world, more than most of the rest of the world combined, thanks to Bush, Trump, ...
Pentagon's Hegseth sees growth in defense spending despite Musk review
U.S. Defense Secretary Pete Hegseth said on Tuesday he wanted to increase overall U.S. defense spending and played down ...
The Independent3d
As Musk tries to slash trillions from federal spending, Trump publicly states desire for more military money
Military spending accounted for around $824 billion ... "We're not going to do things that are to the detriment of American operational or tactical capabilities." At a minimum, Hegseth said ...
NATO allies await US defense secretary's visit, the first by a member of the Trump administration
U.S. Defense Secretary Pete Hegseth will become on Wednesday the first member of the new Trump administration to visit NATO ...
24/7 Wall St13h
Military Spending Is on the Rise and This Country Has Increased Its Spend by 802%
From the Middle East to Europe, large-scale violent conflicts have broken out on multiple fronts in recent years. Against the ...