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,
Defense stocks drop after Trump says Pentagon spending could be halved
Shares of Northrop Grumman and Lockheed Martin were under pressure after President Donald Trump raised the idea of large cuts to defense spending.
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.
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.
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!
Defense officials prep lists of military cuts ahead of DOGE arrival
Pentagon officials are reportedly offering up lists of weaponry that can be cut from military spending in preparation for ...
Stars and Stripes7h
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 ...
Brussels to exempt defence spending from EU budget constraints
The European Commission will propose exempting defence from EU limits on government spending, the head of the EU executive, ...
24/7 Wall St11h
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 ...
Starmer told his defence budget ‘won’t touch the sides’
Military chiefs have warned Sir Keir Starmer that the Government’s defence spending plans “won’t touch the sides”, Whitehall ...
Breaking Defense1d
House unveils budget plan with $100B boost for defense
Unlike the Senate — which opted for a two-bill strategy that starts with approving additional funds for defense, border security and energy — the House is pursuing what Trump has called “one beautiful ...
Hegseth Urges 5% Defense Spending for Europe, Maybe Not for US
NATO members in Europe should bear more of the costs of collective defense, US Defense Secretary Pete Hegseth said Thursday, ...
European Commission to Tweak Fiscal Rules to Boost EU Defense Spending
Member states will be allowed to substantially increase defense spending without exceeding deficit caps, Ursula von der Leyen ...
Growth in Russian military spending outpaces all European countries combined: Think tank
The rate of growth for Russia’s military spending outpaced all other European countries combined in 2024 as its invasion of ...