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.
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 wants denuclearization talks with Russia and China, hopes for defense spending cuts
President Donald Trump said Thursday that he wants to restart nuclear arms control talks with Russia and China and that eventually he hopes all three countries could agree to cut their massive defense budgets in half.
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. “We’re going to spend a lot less money,” said Trump at a news conference addressing the potential outcome of talks with Russia and China.
Defense stocks slide after Trump’s comments on spending cuts
Shares of defense contractors such as Lockheed Martin (NYSE:LMT) fell on Thursday after President Trump said the country could significantly cut defense spending. Speaking at the White House, the president said the United States could slice defense spending in half at some point in the future.
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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 ...
Trump Wants Denuclearization Talks with Russia, China, Aims to Halve US Military Budget
President Donald Trump announced today he wants to restart denuclearization talks with Russia and China. Newsweek's live blog ...
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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 ...
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, ...
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 ...
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Republicans propose at least $100 billion in extra defense spending in the next decade
Congressional Republicans are pushing for at least $100 billion in additional defense spending during the next decade to ...
DOGE gets mixed reviews from conservatives who have long wanted major budget cuts
Some argue that DOGE has stoked conservative outrage about specific agencies without going after much bigger pieces of the ...
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 ...