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 leaders ordered to find budget cuts to ‘align with the president’s priorities’
Defense Secretary Pete Hegseth said Trump gave his department “clear marching orders: revive warrior ethos, rebuild our military and reestablish deterrence. We will refocus our core missions and
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 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 orders Pentagon to make plans for major budget cuts to align with Trump DOGE priorities
Defense Secretary Pete Hegseth has ordered the Pentagon to develop plans for cutting 8% from the Department of Defense budget.
Pentagon will cut billions of dollars in programs but not its overall budget, Hegseth says
Defense Secretary Pete Hegseth said Friday that he will immediately begin shifting billions of dollars away from nonlethal programs in connection with a broader reorganization of military priorities.
Stock of the day: Palantir's surging stock fell 10% after reports of Pentagon budget cuts
Data analytics company Palantir is a major US defense contractor. Its shares were up 65% this year before Wednesday.
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.
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.
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 ...
Which Countries Spend the Most on Military Defense?
As the U.S. government debates the future of its defense spending, how much does the U.S. spend compared with other countries ...
Defense News2d
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
The Pentagon said on Wednesday it was directing the military to draw up a list of potential cuts totaling about $50 billion ...
Trump Fires Joint Chiefs Chairman Amid Flurry of Dismissals at Pentagon
The decision to fire Gen. Charles Q. Brown Jr., a four-star fighter pilot, broke a tradition in which the Joint Chiefs ...