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 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
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 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.
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.
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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 ...
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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 ...
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 ...
Pentagon's Hegseth sees growth in defense spending despite Musk review
U.S. Defense Secretary Pete Hegseth said on Tuesday he wanted to increase overall U.S. defense spending and played down ...
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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 ...
Russian economic meltdown as £114bn defence spending more than all of Europe combined
Russia's total defence spending hit 13.1 trillion rubles (£114 billion) in 2024 - £366 billion when adjusted for purchasing power parity.
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, ...
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 ...
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 ...