Defense Spending by Year Chart

Trump, defense budget and Pete Hegseth

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.

USA TODAY on MSN · 2h

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.'

Defense News on MSN · 14h

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.

13hon MSN

Stock of the day: Palantir slumps on US defense budget cuts and CEO share sale

Data analytics company Palantir is a major US defense contractor. Its shares were up 65% this year before Wednesday.

Reuters10d

Pentagon's Hegseth sees growth in defense spending despite Musk review

The Pentagon's budget is approaching $1 trillion per year. In December, then-President Joe Biden signed a bill authorizing $895 billion in defense spending for the fiscal year ending ...

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Trump, defense budget and Pete Hegseth

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