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.
President Trump Has a Rare Chance to Cut the $1 Trillion Defense Budget: Which Stocks Are Most at Risk?
Last week, as you may have heard, President Trump expressed a desire to "cut our military budget in half," utilizing Musk and his merry band of Department of Government Efficiency (DOGE) price cutters to get the job done.
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 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.
Defense Department to Cut Over 5,000 Workers
The department has more than 945,000 civilian employees. Defense Secretary Pete Hegseth has said 17 specific missions, such as military operations at the southwestern border, would be exempt from the 8 percent cuts in the defense budget he has ordered for each of the next five years.
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.
How Military Budget Cuts Could Shake Up Defense ETFs?
According to The Washington Post, Defense Secretary Pete Hegseth has proposed an 8% reduction in projected U.S. military spending over the next five years. If adopted, this move would be the largest effort to reduce Pentagon spending since 2013.
Hegseth orders Defense Department to cut $50 billion from FY26 budget
Virginia Senators Warner and Kaine said they worry about the impact these cuts will have upon the Commonwealth.
Palantir Sinks on Planned Pentagon Budget Cuts. Is It Time to Sell the Stock?
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Trump administration orders Pentagon to plan for sweeping budget cuts
A senior Pentagon official said that money saved through the cuts could be “realigned” to other defense priorities that ...
Hegseth’s proposed Pentagon cuts, firing of generals: What to know
Defense Secretary Pete Hegseth has directed senior Pentagon officials and military leaders to forge plans that would result ...
Hegseth Orders Pentagon to Draw Up Plans for Cuts
The defense secretary has told senior leaders to prepare to trim 8 percent from the budget over each of the next five years, ...
Palantir stock plunges, extending 4-day drop on reported Pentagon budget cuts
Palantir stock extended its slide over ongoing concerns of potential Pentagon budget cuts impacting the software company's ...
Palantir Stock Leads S&P 500 Decliners Monday Amid Defense Spending Cut Concerns
Key Takeaways Palantir Technologies shares plunged Monday, extending losses following a report last week that the Trump ...
Senate adopts budget framework for border, defense package
Senate Republicans finally pushed through their blueprint for the first phase of President Donald Trump's legislative agenda ...